Auslanco - GBP/JPY and GBP/USD (newstrade)
look at the structure of the asia rally - it seems to have a corrective structure, doesn;t look like an impulse. i would say we are going down and i am short from 137.90.
Right now I am like you on the intraday positioning - short bias and if we break the 136.80 then I will add more shorts... otherwise we break yesterdays high I will reconsider... My one concern is we are still in the daily bull trend and that needs to be broken with a daily close below 136.50-80 level and short bias increases a lot... 
Great call indeed. I went long yesterday @ 1.4622 having had this opportunity pointed out by Raza and pk, so kudos to them.
My own analysis..... Heavy bullish divergence building for some time on the Daily TF, while RSI bumbled along O/S territory. Good r/r.
Chart
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1.53 does not look an unrealistic target.
Well, most of the traders here are on the same trip, Geppy rejects the FL 786, so, abc correction is done, let's get back to the main trend.
4h chart:
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Daily chart: Evening Star [So far]
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sir
it went up?????????
LOL
Rama this is only an illusion to mislead us, the price will pretend that it is going up and move upwards for about 200-300 pips and then it will resume its down trend by dropping 65 pips.
