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

If I may .. yes, the weekly volume is up but the daily and 4h are down .. we may see it down first (maybe a couple hundreds of pips ) before up again ..

Yep, we could.

Pete do not get weekly chart volume

and gj could do any thing in a week

been scalping / day trading 5 min charts

todays pairs of choice gbpchf short x 2 , usdchf short x 1 and eu long x 1

hey guys, i'm currently confusssed about de direction. anyone around to help?

I am on a short on GBP JPY at 133.50

I feel that the price will come down first about 100 pips.

You can draw the trendline from the 2 previous low. Sorry I cant post chart as i cant print screen...

The price might retrace to 132.29 (the 78.6 fib pullback) But be careful to place long there, as price might go down even more to create a double top on the H1.

I will stay out of GBPJPY, as both these currency are weakening. Trade the EUR/USD for now.

right now 134 double top ... sell off that .... dp 133.30 .. sell of that

support levels 132.50 , 131.50 and 130

breaks back above dp at 133.5 go long for ride to 134.15 then 135

60 min has pin bar just under dp forming with 15 min to go

The old standby '4 letter' word should be replaced with a 'new' 5 letter word called 'THINK'. The long term trend towards one's belief while reading anyones' post where the word 'think' is used seems to be used as if it where 'believe'. As if it will happen???

THINK...interesting 'new' five letter word, to hell with standbys!

FxTender

wats the meaning of dp. Thanks malcom

I believe it means Daily Pivot.

daily pivot

The GBP/JPY has broken the 133 level. Looking to sell another lot next retracement. About 133.30.

if you look at daily chart, you will see higher highs and most important, higher lows. what do you think?

02:27 EUR/USD: Talk That Selling Related To Italian Bond Scandal Sydney, January 05: Traders in Asia are saying that an article in the UK telegraph saying that several high profile European banks might get caught up in lawsuits over lending agreements with local Italian governments is at least partly behind the heavy EUR/USD selling over the past hour. The article states that Milan has said it is considering legal action against a group of lenders Deutsche Bank, JP Morgan Chase, UBS and Dublin-based Depfa, part of Germany"s Hypo Real Estate. The group struck a deal to help Milan manage repayments on 1.7 BLN EUR of bonds it bought to finance public spending. The situation is being replicated across Italy. Observers believe Italian authorities will see their financial position deteriorate further in 2009 and will take a close look at the deals they entered into with investment banks to manage their debt. The article states that this could turn into Italy's biggest financial scandal since the Parmalat fraud.
The EUR/USD fell very quickly from 1.3910 to 1.3853 since the article made the rounds, but the move was exaggerated by talk of selling from an Asian sovereign name. Key hourly support is found at 1.3835/40. -- [email protected]

No trades for me until tomorrow, at least. gotta see the psychology of the beginning new year open.

most likely be buying the lbs dip lows into marchish

I still think it will break 133 and breakout below as the stochastics of multiple timeframe are indicating downwards movment

SOURCE: http://www.cnbc.com/id/28435692

the first two seem to contradict each other.

the last one is self-explanatory

let's see what happens at the end of the triangle.

PA stops on fibo 50 @ 132.80 level, however the selling preasure is to the DOWN side, expecting to see a LTL breakout and level @ 131.5 as a first targets.. clearly Top reversal candles on 1H chart..

a small breakout is expected at M1 for scalpers.

I am still holding a short position placed at 133.10.

TP at 132.70

happy new year all i know we are boreed of hearing it now but

i thought it would be rude not to first off all what a lovely break we had dam them

two weeks went slow lol anyhow good luck to all this year and may you trade

well etc etc - nice chart piters see you guys at london they will probably

go long and if they do i'll still sell the rallies or buy the dips who knows