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

thx

looks like the top is forming

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.25 as nearly 56% of traders are short. Yesterday, the ratio was at -1.49 as 60% of open positions were short. In detail, long positions are 5.7% higher than yesterday and 18.8% stronger since last week. Short positions are 11.2% lower than yesterday and 1.6% weaker since last week. Open interest is 4.4% weaker than yesterday and 7.6% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains

CoooL

141....mm..like it

False breakout? We'll see, anyway i', short 1.4300, stop this time 1.4315

ok 4hr.... now roll over and play dead

Hi,
Here is what I see.
GJ daily chart. I may be wrong but all numbers and % on the chart are right.

Nice chart and spot out. But this is what i'm affraid play out where new uptrend wave is already form out . Because i still bias on bearish due to downtrend wave not yet finish for me. Anyway times will tell. Thx for sharing baby

Hit resistance on the uptrend, for continuation of retrace?

Thanks for sharing baby! I have the same view with u.

Buy at 142.00 with first target 143.50

Did any one see this? I just copied some of the high lights. Looks like Jean Claude Trichet is telling some white lies to save face. But that is only my opinion.

Mounting speculation that Greece will default on 304.2 billion euros ($405.2 billion) of debt is depriving European Central Bank President Jean-Claude Trichet of the stable markets needed to bring Europe out of its worst post- war recession.....

the euro has lost 4.1 percent against the dollar and the extra yield demanded by investors to hold Greek debt rather than German bunds increased as high as a record 4.43 percentage points as traders saw a greater risk of default. Trichet, who was supposed to spend his final year in office nurturing the region’s nascent recovery, finds himself powerless to resolve the crisis because he has no control over fiscal policy.....

“Trichet is essentially an observer in the current crisis,” said Colin Ellis, an economist at Daiwa Capital Markets Europe Ltd. in London and a former Bank of England official. “He does not hold the levers of power.”
Greece is highlighting the limits of Trichet’s ability to maintain confidence in the euro, which is facing its biggest challenge since he helped bring it into being in 1999. Trichet, who described himself as ‘Mr. Euro’ in 2006, has no say over how taxpayers’ funds should be used to rescue Greece. His push to limit the International Monetary Fund’s involvement in a rescue was rebuffed by leaders last month.
While Greek bonds rose yesterday when Trichet expressed confidence that Greece won’t default, the spread between Greek and German 10-year yields still ended the day at 426 basis points. A basis point is 0.01 percentage point.
Interest-Rate Questions .....

Trichet, 67, is trying to protect the euro as politicians refuse to fully explain how they would rescue Greece should it fail to raise money in financial markets. While leaders said on March 25 that they would co-finance a bailout with the IMF, they never spelled out when aid would be forthcoming or how much it would cost.
German Chancellor Angela Merkel has also questioned whether her taxpayers should be asked to help fund Greek excess, casting doubt on her commitment to any rescue package. As Greek bonds plunged yesterday, a German government official reiterated that a rescue package would only be a last resort.

So are we really in a bull market now? Or is it only a temporary scalp?

just touch sma 5 daily, will go south if this not taken out.

I watched most of the speech yesterday and I have to say I have never seen Trichet that much on edge. He is usually calm and collected but i could definately see some defensive body language. He did a good job of proping up but I think its only a matter of time before all the cards are on the table for the Euro. http://cdn.forexfactory.com/images/icons/icon13.gifJust my opinion.

let c wat can happen

new in here thanks all great trader

I saw the speech yesterday as well. I have lived in Greece and have friends there as well and let me tell you they are transferring money out of the Greek banks into international banks. A lot of money is flowing out and none coming into Greek banks. The economy is in terrible shape and is not competive at all. As a matter of fact without the goverment keeping people on it's payroll I can see the economy collapsing very soon...All those years where each successive goverment promise people lifetime goverment jobs if they would vote for them is coming back to bite them on the ass...What the market is starting to understand is that Greece owes more money then it can ever afford to repay, ever... it is like a person who makes 1500$ owing more then 300,000$. Now that 300,000 had interest at 3% has suddenly been revalued at 7.25%.... I really expect some sort of default to occur otherwise generations will be paying for the debt interest....

Bullish Divergence did play out... right at the price when spotted.....

Lets C what happens to the rest of the forecast

Here is what I have...WRONG OR right....

Same Chart from yesterday..little modification

GJ is obviously drunker than i was last night closed my short for 47 pips this is retarded NOW watch it drop to hell...........