Auslanco - GBP/JPY and GBP/USD (newstrade)

there is no breakout yet, price retracing.. maybe 4h 5sma

dont jump in here it ll retrace

karmo is alot of bad influence. look at this thing tank after i closed my shorts....

if i see u next to me i really might punch a hole in u karmo

ahahahaha today is not ur day

what do you think about going back down to the lower TL lool

i think a good long entry might be off 5m 50ema...

be careful. karmo might slash you.

maybe..

back to scalping mode

yet another tweezer top on 1h?

15m candles show reversal
30m bearish engulfing candle / reversal

1h candles will show us reversal too? maybe

(IGM)[COMMODITIES] Down the tubes into the Ldn close with metals riveted lower with [GOLD] panned to a Usd 744.60 low, Rumours of a RHS Usd/Yen [FIX] look to have been true as the pair got paid up around [GLOBAL PURCHASING MANAGERS DATA] The JPM/Markit tabulation of a global services purchasing managers index fell to 44.2 [EUROPEAN FX CLOSE] The session started with the onus on selling Tuesday's extremes. Risk aversion spiraled Talk of a large [LHS FIX] in [EUR/USD]...

What goes up, must come down, or so it seems in the case of [EUR/USD]. ECB fix sellers seen for this leg lower to 1.2875 after a spike to 1.2981 around 12GMT. Expiries today of good size 1.2900 and 1.3000. 1.28-1.30 break now required to excite with so much whipsaw trade within these parameters now, that any further dealings are seen fairly meaningless. 1.2809-1.2981 the European range. We opened 1.2905, now 1.2895, enough said! 13:31 GMT - [ADP PRIVATE HIRING DATA DETAILS] ADP reports a 157k drop in private employment, the largest drop since November 2002. Services jobs were reported down -31k after a long stretch of no worse than flat. Goods producing jobs losses accelerated to -126 from a prior -80k. Factory job losses rose to -85k from -53k, with the rest of the acceleration in goods job loss implying a big acceleration in construction layoffs. Small firms joined in cutting jobs (consistent with construction job losses) for the first time, shedding -25k, while medium-sized firms maintained their lead in job cuts, shedding -91k workers. Large firms shed -41k workers, the most since June. The increase in job losses reported by ADP for October appears to be very widespread.

(IGM)[COMMODITIES] Down the tubes into the Ldn close with metals riveted lower with [GOLD] panned to a Usd 744.60 low, Rumours of a RHS Usd/Yen [FIX] look to have been true as the pair got paid up around [GLOBAL PURCHASING MANAGERS DATA] The JPM/Markit tabulation of a global services purchasing managers index fell to 44.2 [EUROPEAN FX CLOSE] The session started with the onus on selling Tuesday's extremes. Risk aversion spiraled Talk of a large [LHS FIX] in [EUR/USD]...

[USD/YEN] creeping back above 99.00 but in no way threatening the 100 marker. The break above on Tuesday proving ill fated for tech followers, who were chased out earlier, but equally those who sold short in Europe have also paid the penalty. Looking ahead a bid for Usds remains core in our focus, but whilst it has been exporters that have capped the 100 mark to date, there is another potentially large disruption in the offing. This with the quarterly refunding in the US to throw up the potential for a big bid for treasuries, so perhaps adding weight to Usd demand. Thereafter we expect US coupon payments (Nov 15) and maturities. A bigger chance of Japanese repatriation? Crazy conditions of late suggest just so.

short on 160 tp 159.60

keeping it and sl +5

GBP/JPY intraday: key ST resistance at 161.Summary: Update on supports and resistances.Story: Pivot: 161

Our preference: Short positions below 161 with targets @ 157.4 & 155.3 in extension.

Alternative scenario: Above 161 look for further upside with 163.25 & 164.4 as targets.

Comment: The pair is capped by a bearish channel resistance.
http://www.tradingcentral.com/chart/...1105172638.GIF

Welcome back

I have a small blackout issue in my town but i see everything is OK

chances of 161 very strong here

potential nice place to go long on 34ema 5m

if it touch 159.87 i m out with+5

am out

My initial target for a pull back was the 38% fibo of the last leg up at 59.57 - so say 59.50 - also the 5m 34 ema - so I needed some more of K's Patience Pills.

Now after a quick SM to calm my nerves I'm Long from 59.85, waiting to see if this rally has any legs left in it....http://www.forexfactory.com/images/icons/icon11.gif

No it didnt out - 18 but also short cable....