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

  • #215,061
  • Feb 10, 2010 2:01am Feb 10, 2010 2:01am
Good Morning All

Well , As I See We R On The Way Toward 76.4 % Fibo

Am I Right ...!?

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* Never Trust To Any Indicator *
  • #215,062
  • Feb 10, 2010 2:13am Feb 10, 2010 2:13am
Quoting USD-Bear
Beljevina,
where do you see that heavy resistance for UJ at 89.8 and 90?
Can't see it in hourly:

Attachment
I see 90.05 as former support turned resistance (solid yellow); is also the 20 day SMA. 89.9 is 50% of the drop from 91.26, 89.8 is yesterday's ceiling; there are also a few other fib benchmarks in the area, and 90 is a psychological hurdle. Sorry, wide H1 chart coming up:
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  • #215,063
  • Feb 10, 2010 2:23am Feb 10, 2010 2:23am
Quoting Beljevina
I see 90.05 as former support turned resistance (solid yellow); is also the 20 day SMA. 89.9 is 50% of the drop from 91.26, 89.8 is yesterday's ceiling; there are also a few other fib benchmarks in the area, and 90 is a psychological hurdle. Sorry, wide H1 chart coming up:
Clear, thanks!
Don't be a hero. Don't have an ego. Always question yourself
  • #215,064
  • Feb 10, 2010 2:31am Feb 10, 2010 2:31am
Quoting KillerWhale
Just wondering, (I'm not very familiar with this),
is this a valid "cup and handle"?

Anyone? .................

no cup and handle
"possible "a typical inverted H&S on 1 hour..supp at 139.90..
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  • #215,065
  • Feb 10, 2010 3:21am Feb 10, 2010 3:21am
Quoting Gucc
no cup and handle
"possible "a typical inverted H&S on 1 hour..supp at 139.90..


So , Ur Second Shoulder Must Be Around 139.50 ...!?

* Never Trust To Any Indicator *
  • #215,066
  • Feb 10, 2010 3:30am Feb 10, 2010 3:30am
Quoting Shad
So , Ur Second Shoulder Must Be Around 139.50 ...!?


actually 139.90/140..if it dont test that level,, you can leave a buy order at that level. it will get tested sometime and it will have a bounce .. ill post later a chart with explanations...
  • #215,067
  • Feb 10, 2010 3:40am Feb 10, 2010 3:40am
Quoting Gucc
actually 139.90/140..if it dont test that level,, you can leave a buy order at that level. it will get tested sometime and it will have a bounce .. ill post later a chart with explanations...


Ok , Thanks , But 4 Now I'm Short Toward 139.77

* Never Trust To Any Indicator *
  • #215,068
  • Feb 10, 2010 3:49am Feb 10, 2010 3:49am
Advertisement pair continues to trade near the support line, after adjustment downtrend. Now trade is between 76,4% and 100% of Fibonacci is likely to further movement will continue in the same limit. Alternatively, it is possible that support will be breached and trade will move below 139.00. Classic indicators show the signal to sell, Stohastic after repeated crossings of their sliding downward, moving zigzag, but the RSI is closer to the top of the border zone overbought.

support line - 139.23

line of resistance - 145.35

by: http://forex.yourblog.biz
  • #215,069
  • Feb 10, 2010 4:03am Feb 10, 2010 4:03am
Quoting ForecasterFX
Advertisement pair continues to trade near the support line, after adjustment downtrend. Now trade is between 76,4% and 100% of Fibonacci is likely to further movement will continue in the same limit. Alternatively, it is possible that support will be breached and trade will move below 139.00. Classic indicators show the signal to sell, Stohastic after repeated crossings of their sliding downward, moving zigzag, but the RSI is closer to the top of the border zone overbought.

support line - 139.23

line of resistance - 145.35

by: http://forex.yourblog.biz...
What useless drivel. No chart, referencing the most basic indicators, and giving a 600 pip trading range. You should go and promote your meager site elsewhere - your forexfactory membership is not there so you can profit from web traffic. And, you're also breaking FF guidelines.
  • #215,070
  • Feb 10, 2010 4:05am Feb 10, 2010 4:05am
Quoting Shad
Ok , Thanks , But 4 Now I'm Short Toward 139.77


shorts looks scary ... i will personally only long at 140 or short at ress at 144.20.. ill rather short at 143.40/ 144.20 before a buy at 140... above 144.20 is the door open to a UNTESTED ress level at 147.68/148... where im hoping for a test... its a coin toss ..143.40/144.20 or 147.60/148


my view is we will get ress at 143.40/144.20 and drop back all the way to a untested supp level at 140,and head back up to 147.60/148...only a prediction ,,so its kinda useless try to predict

GBP is terrible oversold .. more oversold than it has been since ockt 2008

gbp/jpy..maybe not just yet ready for a drop below 139
  • #215,071
  • Feb 10, 2010 4:16am Feb 10, 2010 4:16am
It looks Like A Triple Top @ 141.38

* Never Trust To Any Indicator *
  • #215,072
  • Feb 10, 2010 4:19am Feb 10, 2010 4:19am
Quoting Shad
It looks Like A Triple Top @ 141.38

it looks like the neckline of the inverted H&S ,,closed above is 143 first ress..
  • #215,073
  • Feb 10, 2010 4:21am Feb 10, 2010 4:21am
Quoting Shad
It looks Like A Triple Top @ 141.38

Might still break through slightly, but I have to think that the BOE statement(s) out in the next 20 min will throw cold water on sterling. It's really silly how sterling hitches's it's ride to the EUR and (again) speculation on Germany giving relief to Greece (which is currently on the wires), when this type of aid can only be detrimental to the EU monetary system & currency - mark my words - EUR (& sterling?) aiding Greece, will actually end up driving both further down in the near future.

EDIT: Oh, and 5 min after the German wire release, a official French one comes along, and says no such aid is coming or in the works. And these guys think they can run a continent ...
  • #215,074
  • Feb 10, 2010 4:21am Feb 10, 2010 4:21am
watching for 1H candle to close above the red line sign for my last post for expectation for good long position
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  • #215,075
  • Feb 10, 2010 4:22am Feb 10, 2010 4:22am
that last big 5min bar looks upthrusty right into resistance, next down bar high volume. might drop from here.

inflation report and king speaks in 9 mins so best to wait and see wot that does to it.

141.50 seems to be key. if that gets taken out properly then as quecee said next stop might be 143.

if greek bailout gets confirmed we might see another jump as well as it seems to jump up every time it gets mentioned and its not even confirmed yet!
  • #215,076
  • Feb 10, 2010 4:27am Feb 10, 2010 4:27am
Quoting Beljevina
Might still break through slightly, but I have to think that the BOE statement(s) out in the next 20 min will throw cold water on sterling. It's really silly how sterling hitches's it's ride to the EUR and (again) speculation on Germany giving relief to Greece (which is currently on the wires), when this type of aid can only be detrimental to the EU monetary system & currency - mark my words - EUR (& sterling?) aiding Greece, will actually end up driving both further down in the near future.

i disagree.. you guys are too much agaisnt the eur..im waiting for a DRAMATIC REVERSAL in the eur..this week,or next week,,or we might have a spike low on monthly or doji reversal candle..
  • #215,077
  • Feb 10, 2010 4:33am Feb 10, 2010 4:33am
BOE cuts GDP forecast, says inflation to undershoot 2% target, pointing to upside risk on inflation near-term. Down go the sterlings ...
  • #215,078
  • Feb 10, 2010 4:35am Feb 10, 2010 4:35am
Quoting Shad
It looks Like A Triple Top @ 141.38



Now , I'm Sure That It Is A Triple Top

* Never Trust To Any Indicator *
  • #215,079
  • Feb 10, 2010 4:37am Feb 10, 2010 4:37am
funny that litle upthrust right into resistance 5 mins before it tanks isnt it. fukers aint gonna get us that easily!

shorted at 141.25. gotta watch pivot at 140.28 see if it bounces for 3rd time today. its been trending up so bounce off the pivotis possible.
  • #215,080
  • Feb 10, 2010 4:40am Feb 10, 2010 4:40am
Quoting Shad
Now , I'm Sure That It Is A Triple Top

So far, yes, but ... I'd expect some <insert illogical catalyst here> to get it back up there again, probably this week. Unless, the BOE news sends us down to 139.4, in which case it'll be tricker to retest a 4th time. King also says output unlikely to return to trend for a considerable period - and you know that's about as well put as he could, and thus the reality, is well, frightfull.
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