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

The bears are on a break... an extended break I suppose lol

I spoke too soon?

I guess so Shiva , I think GU is the main driver on Geppy posterior down move, look:

new candle open under fibo 23.6.probably trend is going down

Hey thanks Jhon, that says it well

GJ is make higher high and higher low on daily chart. Today she still climb to make higher high. Still stand sideline, wait for confirmation

No problem Shiva, if you have charts supporting your analysis: share it with us, maybe you can see things that I can't, that's the purpose of this thread.

This is all I can see for now and looks like momentum up is stronger than any downward thrust.

That's what I'm talking about, 1h/4h candle close bullish. This pair is stuck in range, it looks like has more room to go up.

Let's see how it plays this Hanging Man + RSX B. Div in 1h TF:

Okay thanks, a lot more room to go up is my guess.

Good golly! Gravity failure on GBP/JPY

gj30m

If today fail making yesterday high. maybe starting pull the trigger going...................can Guess???

Hehe

Looks like GJ will end the week above 138. And next week, may be continue up.. or down.

So my analysis is:

We see three scenarios.

1. The pair my go up

2. The pair may go down

3. The pair is also likely to range.


There now I do sound like an expert analyst from some popular web site

Ok, I'm in the office and just caught up on all last night's posts. Yes Scrat, too many women right now (four)... I haven't slept at home since Sunday night and when I crash at the girl's from last night's I don't even get to go home and manage positions as she lives 2 blocks from my office and I go straight to work. Oh well...

I'm still long GBP/JPY while everyone seems obsessed with shorts. I realize we need to break 138.20 resistance to go higher and test the most recent highs and I think we will. The retracement has been kept to a minimum since yesterday's move and seems like bulls are in control. As stated yesterday I took longs at 137.27 (and got made fun of for it) and I'm holding tight.

I'm also long EUR/USD from the low 1.3300 area looking for a corrective move toward 1.3500 and was also told I was wrong on this. The other day when USD/JPY broke out I noticed it was the driver (not GBP) in GBP/JPY's up-move. Considering USD/JPY just broke out of a tight range I then stated that I believe GBP/JPY will see little retracement while USD/JPY consolidates its move in a small range and the USD sees a retracement against the GBP, EUR, etc. This in turn I felt would propel GBP/JPY higher as GBP appreciates while JPY remains stagnant against the USD. This is essentially what's happening right now and what's keeping "Geppy" propped up here.

The way I see it we have 3 potential scenarios:

1. GBP/JPY remains here near the highs while USD/JPY finishes consolidating. We have no MAJOR move in GBP that would cause GBP/JPY to break higher. Once USD/JPY finishes consolidating, it moves higher and propels GBP/JPY to breakout higher.

2. GBP/USD moves up dramatically while USD/JPY remains in a tight consolidating range. GBP/JPY breaks to new highs with GBP as the driver.

3. USD/JPY comes crashing down and GBP/USD doesn't move much OR vice versa. This would essentially have GBP/JPY fail at resistance and we get the "kaboom" that everyone seems to be praying for.

#3 seems to be favored in this thread... I'm favoring #1 or #2 or #1 then #2 or #2 then #1. Call me crazy, but I still think we're going higher.

Just my thoughts... other opinions appreciated.

Geppy.

I am short now @137.95

Oh Yeah...I like it...but dare not touch at least show me your face 1st...I scare is shemale