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

Hi naatha,

EU at the edge of the speed pump #1 + weekly TL
maybe some short for now or to complete the north trip directly lets see how it reflect on GU
EU have to work it out quickly TLs is tight

http://cdn.forexfactory.com/attachme...1&d=1285562947

Nice chart. Thank you, bro.

then UJ have to fall to where? very interesting

& uj-1d - Gartley pattern
not sure

im not sure about that deep to go (78) but watch for 82.52 & 82.25 !
and for monthly / weekly close below 83.87~ (one day left) .. could mean a chance for a new low

selling?

Reload 83.66 and 2 more to go...83.4 & 83.05..come baby....

You don't see this chart pattern too often ... quite the melt-up, at the expense of a weak USD$. May have hit the ceiling for now, trying a short from, 1.586 for hopefully 70+ pips. BE probably at the high +5.

Definite sellers on that peak, on the GU spot. Strange market this London morning. USD was tanking, but my USDJPY actually shows buyers at this 83.47 and previous 83.725. EURUSD much stronger than sterling IMO.

Bloomberg's reporting mass demonstrations all over Europe. This rally at the expense of the USD doesn't seem sustainable, although timingwise, it's a tough one to predict. Am sensing that the spotlight is getting put back on Europe. BoJ's gotta be peeved to see UJ here - the fact they're not responding must have to do with coordination and other's needs/wants; just don't get their thinking on starting down this road, losing 75% of their last undertaking, and no action yet - everyone knows it's not a permanent nor sure fire undertaking, but come-on Kan, have some pride & consistency!

Hi Bel,
i see on your chart fib 50% @ 1.57760 maybe its good level to tp

imho they are just waiting for USD to reach some support and I'm sensing its right around the corner.
Expect them to accelerate up-moves not not fight down-moves

I've been doing 2 entries lately and have taken 50% off just above the DPP here at 1.571. It's a crazy whipsaw market and I'm finding I'm not getting as many pips; will let the rest ride or go B/E - that helps psychologically.

I'm actually looking for 1.575/6; news out shortly, but don't expect it to flap things around too much.

pattern

GBPJPY is increasingly shortening and GBPUSD long from the MPC Member's speech Polsen.

Will they, won't they - more code phrases from 2 sources:

- "Japan Economics Minister Kaied says government to take decisive FX steps if needed. Says won't skew markets via continued intervention"

Remainder sourced here. Hard to make sense of it all, isn't it? That's why I call it a rolodex of reasons - they don't have to make sense, just insert one, and off you go!

- The usual supranational gets a lot of the credit for pushing EUR/USD higher, and while it s just as likely to be seen on the sell side before too long, sovereign related interest is still firmly biased to the buy side. With talk that China is not only buying more EUR but might actually be chasing it higher, it adds fuel to the theory that it might be trying to lure the BoJ into further USD/JPY buying even as the CNY is allowed to firm up, thus redirecting some of the American ire currently being aimed at China on currency manipulation! PB

- The USD is under pressure across the board with those that have missed the latest move looking for any kind of a rally to get rid of some. There is a lack of bargain hunters around on the USD buy side, though we would be tempted with a modest USD/JPY long as an intervention scare can't be too far away now ..... PB

- Given recent Asian CB interventions, including BoJ, more "discussions", reports, analysis, research (search "beggar" m/t). Interesting, BoJ/MoF seem to be refraining from intervention, despite USD/JPY falling to fresh 2-week lows of 83.63, less than 1 big figure from where it intervened on Sept 15, at 15-year lows 82.87. USD INDEX at 78.868, having hit 8-m lows of 78.828. WSJ: Tensions are growing in the global currency markets as political rhetoric heats up and countries battle to protect their exporters, raising concerns about potentially damaging trade wars. At least half a dozen countries are actively trying to push down the value of their currencies, the most high-profile of which is Japan. Currency-market strains could also be a topic of discussion at next week's IMF/World Bank meet in Washington where CB and govt finance officials will be gathering. On FX, good to watch the above. USD/JPY stops/options 83.50/20, eye BoJ. Offers 84. WL

Other weirdness in the news: demonstrations all over Europe, almost insider info on Spain downgrade, Irish bank capitalization issues/amounts, Irish spreads growing to Greece levels ... something's going to give! I'd think one of them will drop the EURUSD more significantly; certainly sellers are up there above 1.36.

gogogo... gj 128.xx

GoGoGo...131.72 1st...Big fish bottom

There is need for it to kick below wicked pinky-magenta to target 129 area. The pinky is a monthly average, very strong as it is.

P

look like market going to crash one more round...close all UJ with -ve n GY for +20pips....

will be back tomorrow........crazy market.....

And like a magical magnet 131.05 approaches....
Wonder if the BoJ will fight this one or let the inevitible happen...?

131.70 broken..welcome back 130-129.40..this is what i saw atm....n look like BOJ failed on thier intervence b4....

only EY hit my 114 first target..but damm am out ealy at 111 area n no trade or holding it....mmm

something major move going to happen especially in gold n AUD i think...

let c...

OFF from trading for a while....