Strong resistanxe here on the 1H chart. 100% Fibo.
Whats your TP?
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
DislikedScrat i have been following you for a long time. Please I will like you to post your trading journal so that we can study more of your trading analysis as regard talk on monthly close, weekly close and daily close. When will you get it posted.
I am eagerly waiting.Ignored
Dislikedithink 143.6 to 143.8 for short this bounce iwas expected why this bounce was expected bcoz last time 17march gbpjpy drop 500pips from 139.33 to 134.6 this time from same level bounce tomorrow im pretty sure asia session again decline gbpjpy...donot miss change gbpjpy not going 145 better donot watch dreams range 139 to 144...
happy trade,best regardsIgnored
Dislikedhere is what i think about current situation on g-j. i always start from highest timeframe, where i look for direction, and then i go down from there for confirmation.
1. monthly:
- february close = 135.53. this last major support
- march close = 141.87. this is last minor support.
now we look for confirmation/infirmation on weekly chart.
2. weekly:
- last weekly close = 141.55, LOWER than march close. this means that bears set a foot on bulls territory, even if just for retracement. next, we look for two things:
a. where we don't believe anymore...Ignored
The British Pound is likely to face increased volatility over the next 24 hours of trading as economists forecast jobless claims in the U.K. to drop another 10.0K in March following the 32.3K contraction in the previous month, while the Bank of England is scheduled to release the minutes from the policy meeting earlier this month at 8:30 GMT. Jobless claims in the U.K. fell at the fastest pace since 1997 as the number of people receiving unemployment benefits unexpectedly slipped 32.3K in February after expanding a revised 5.3K during the previous month. As a result, the claimant count rate slipped to 4.9% from 5.0% in January, while the number of people employed people during the three months through January retreated 54K to a four-year low of 28.9 million. Despite drop on jobless claims, the Bank of England held a cautious outlook for the region and expects businesses to keep a lid on employment as policy makers anticipate to see a moderate recovery this year, and the central bank is likely to maintain a loose policy stance throughout the first-half of 2010 in order to balance the risks for the economy.
Trading the News: U.K. Jobless Claims Change
What’s Expected
Time of release: 04/21/2010 08:30 GMT, 04:30 EST
Primary Pair Impact : GBPUSD
Expected: -10.0K
Previous: -32.3K
Dislikedprice is over 50 and 200 SMA on H1 and H4; so bears will get confidence after price closed below 50 SMA only
till then still there is room for up moveIgnored
Dislikedprice is over 50 and 200 SMA on H1 and H4; so bears will get confidence after price closed below 50 SMA only
till then still there is room for up moveIgnored
Dislikedhere is the H4 chart which shows 4 possible targets for bullish move:
1. light green Pitchfork (currently turning down)- possible top
2. red Pitchfork - 143.6
3. orange Pitchfork - 145.2
4. white channel - 144.5
from any of those targets the most probable way is to southIgnored
Dislikedai ai... back to sqaure one,, and i have no clue where is next .. a break above 145 looks more promising than a break below 139,if you look at USD/JPY and other jpy crosses daily charts
the medium/long term rally in USD/JPY contnue ,cad/jpy -bullish engulf on daily, aud/jpy morning star on daily ,aswell the gbp/jpy
daily close above 143.20 dont look for me that bears are still in control and bulls might have take it over and push it to 148, and above ..
there is still ress at top to push it lower ,,but its now a sit out game and no trade...Ignored