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

http://noir.bloomberg.com/apps/news?..._57QhWlQ&pos=1

relief button?
welcome back 139-140 ?...mmmm

thanks

daily ema200 =15310 for me is time to take short on GU now to 1530

daily extremely overbought

finally.............

i have short since 1.5 by 100 pips step and will be adding bigger ones position if i see confirmation of trend change.
the target remains same ~1.25 more or less.

cooking still not yet finish and for newbies, my humble advice is just watch n dun put any trade...come back after today london close or tomorrow london-us open.

another wave coming sooner than later......just watch. This 2 day is purely fundamental driven to trap most of retail trader especially for thos use vsa/ema...just my 2 cent..

chow....

g

bro...did u see bull are stop? forget about the rules?
any sign of reversal? 4930 is failed and mine, no gu n no eu for this week.

oh by the way you have huge margin i forgot...pardon me ya ..
n its ok go ahead....

that is why i say you guys never learn......

the time to short will come, but GU momentum has been too strong to pick a top yet.

Well time will tell - learn of of what ? - when i see trend fading is time for open counter trend position or i could say positions with major trend which is still bearish and not completed imho

you may be right. anything's possible.

the short term rise could bounce down off the weekly bear channel utl and we drop. the 200ema is sitting directly on the daily channel utl so seems like a likely place for a reversal.

the possibility exists as well that we could break the channel utl and form a new pattern.

all trends are eventually broken and all lines eventually invalidated.

personally, when the current 4H candle is testing important resistance, it's too soon for me to say, I usually like better confirmation.

we'll find out soon enough. (...I hope)

good luck with your trades

yes anything is possible but current daily trend reminds me same situation to January 2009

note that weekly candle - same story might be started today

imho this uptrend does not look healthy for me - its more like bear flag

but ofc i could be wrong and new fresh bull market will start

lol, right as usual boss! you just gave me brave heart to go on with my targets
thanks G

hit n out till we clear what to do....good luck

g

We might see some strong yen buying finishing up the week. Some news below for those interested:-

One thing supporting the yen at the present time is the Mizuho share offering. Payment due July 21. Feeling is that height of yen buying by overseas players could well occur tomorrow or Friday. The overseas allotment is worth about $4.3 bln.

The BIS came in buying around the session low 88.53.

well done mate.

Out of 1/3 of shorts from London's start, at 134.4 - it's thanks to UJ's definitive rejection of 89. And we've had most of that silly post-NY 160pip close undone. Expecting possible reversal upwards here or a further decline to ~134. The next 60 minutes (to 10:35am EST) and the approaching London FTSE 11:30am close, are pivotal. We often see a trend change after London packs up. Note the FMOC statement and possible rumour of a growth decline for this afternoon.

134.32... do any one got it :nerd: if not then go & look back
------
thanks honeybhi bhi..

...done

After the London close, things have quieted down substantially, unlike the past few rally days. GU still looking bullish (for now) & although it created a higher high, has been rejected. GJ didn't attain London's high, and after parking at the daily open, is heading down, looking for support somewhere around 134.7/.55 to see if bullishness can ensue.

There's an element of risk in the FOMC statement for this afternoon, which will be of direct impact to the DOW & S&P IMHO, each of course strongly correlating our yens. Bulls & bears are battling, but bulls barely. S&P chart looking a bit more topish, but it's the daily close that will see if we're at a (slight probably) 7th day of gains, or are we going to see a few down days. These charts, equity market sentiment & tracking it are valuable because it can determine GY's direction, and help balpark if 136.6, or higher (ie., 100 pips or so IMO beyond that) are going to occur, or are we heading back down in unison with equity markets. My guess is if that downage doesn't occur this week, it's possible they will next week.

The VIX of course is a big driver here ... will just post the daily to underline today is so far looking to be a turning point, and also mid-day the VIX levels are getting bearish. Talk is the FOMC statement will dampen growth expectations (like sane minds don't know that!) which should reverse equity gains. If that happens, that 89 ceiling in USDJPY should get continued respect. And as I tend to, here's Ashraf's view/concern.

The charts BTW for those that want to follow are from here and here.

[quote=Beljevina;3873383]After the London close, things have quieted down substantially, unlike the past few rally days. GU still looking bullish (for now) & although it created a higher high, has been rejected. GJ didn't attain London's high, and after parking at the daily open, is heading down, looking for support somewhere around 134.7/.55 to see if bullishness can ensue.

Your posts are so informative. Thanks very much. I do hope you are not going to go away like most of the other seniors here - your posts are of real value.

[quote=Beljevina;3873383]After the London close, things have quieted down substantially, unlike the past few rally days. GU still looking bullish (for now) & although it created a higher high, has been rejected. GJ didn't attain London's high, and after parking at the daily open, is heading down, looking for support somewhere around 134.7/.55 to see if bullishness can ensue.

http://www.bloomberg.com/news/2010-0...of-teeth-.html

http://www.bloomberg.com/news/2010-0...owngrades.html

if today close below 88.6 i could consider UJ weekly=daily=H4=min 87.70 or back to 86 area or even low.

right now just daily is the main thing to me reverse or still ranging. am waiting 88.10/00 to broke n possible in few hr...n this could drag all cross pair together...

just my 2 cent..