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

next year's forcast.

if bulls are going to win and price manages to close above weekly 50ema, then anywhere between 167 (50%) and 178-179 (61.8%) should be the target (a max of 183 - FE100 of 118-163-139), which i think should coincide with monthly 50ema, then a drop from there for a retest of 130-140. then anywhere between those 2 areas for a nice messed up range....

on the contrary, if bears win, then price should fall anywhere between 119-130.
i think 130 is more likely since it's a historical low back in 1995 and it coincides with an FE100 (163-140-153) then an upmove from there IF that level holds. if not then we have a (good?) chance of reach 100-103 levels by summer of next year (FE61.8 of 2008's move down from 216-119-163).


charts

everything's great, hope u're doing good as well.

going off to sleep, it's 4am here!!

goodnight fella's

here is my chart. we are rangebound right now. Still, there is a lot of pips to be made from this huge range.

lower range-141.02 It is also the 50% retracement on the daily
higher range-151.37. Strong resistance there. only if it is broken i look to 163.08

Any observations strongly against it?

I just closed GJ at 146.67 for +100 pips

no more long for me..147 is major resistance....let see if it will break...Patience

Yeah, i agree... If it can break 147, i will go long and TP at 149.0

lol have to laugh at gu flying up based on BS unemployment figures. US EUR Aus and UK have all had much better than expected figures but any fool will know its purely temporary christmas jobs that have caused it!!

once those jobs get removed in jan then surely the figures will plummet back down to more realistic numbers for the feb figures?

guess this is just giving us a much better position in gu to short from

why not

To tell you the truth, I've been bullish since we touch 140.. I think there's still more room for it to move north. Furthermore, long consolidation in GU support the bullish bias.

Whatever the fundamental right now, technically it seems that we have some sort of strengthening for the USD and weakness in JPY, EUR and AUD. I think that translate into a non-risk aversion trade where we see a significant weakness in EU and AU and we see bullish in GBP pairs (i'm only trade GBPUSD, GBPCAD and GBPUSD)..

All the best to you bro..

If the Daily RED line TL breaks at 147.00 zone than 150-151 resistance zone is the next stop.

Post from earlier ...

Based on the past PA, GJ may test the upper RED weekly TL at 150-151 zone if the 147 zone breaks. 139 is strong support

So far, for several weeks, I have been calling the H&S formation. There are three levels the PA might test at 149,151,153 resistance level. If the 153.00 hold, than look out below to test the 139 zone again.

Good Luck!!

BRO...u went to mcoba dinner last saturday?

rgitt05,

question is: do you think 147 will hold?

If the 147 breaks than 149, 151, 153.00 strong resistance will be test.

Trade your charts!!

Based on my monthly chart, 139 been tested several times, so the overall bias in the near term is bullish.

If the FOMC Statement is bullish today, 147 will be taken out and 149,151, and last strong resistance 153.00 will test.

IMHO, this market funny mentals looks bullish and we may get another rally for the year.



Look at the past charts posted..

price has arrive at the edge of target window - - 14685

>

no more long for me cus we are hitting strong resistance and i want to see breakout before..