gj is not obvious for kaboom, gu is more clear; according to auslanco method gu is bullish on weekly, the bear correction should hold for few days only this week if that assumption is correct

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

today and tomorrow are selling days, we might go up to 150.5 today IMHO

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

first support formed by last correction on daily

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

Kaboom is not confirmed yet; GU is still set up for upmove since 1.625 is not broken

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

chart has conflicting signals both long and short at the same time

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

that up move seems to me like pretty covered trap, somehow chart it giving me feeling for a complete opposite direction is just sitting up (I might be wrong as well)

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

it marks a huge jump in next upcoming days, the direction will be clear soon

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

I see irregularity of moves on charts

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

seasonly we should be already more down by today (IMO) and that move looks inevitable but just postponed until their target not reached; who knows what target is? could be retest of 1.7 for GU or higher?

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

be careful with kaboom exceptions because big players remain bullish and buying pressure is still on

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

the current state of market clearly indicates the central banks management as it is manipulated to maintain the current mood to invest more in stocks

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

my view is opposite, we might get bulls exhaustion by now IMHO

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

thank you, it is clear now my calculations show similar results (down to lower 70s) and I agree that by now it is really hard to think about price below 100

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

as you can see on monthly GU, September and October candles are pretty with the same range but the October made new lower low; most likely November will produce new lower low too and will be red

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

Malc, you are the Grand Master of your analysis, which helps to recognize the opportunity as well as the way of your trading, which produces huge returns of 10% weekly! Could you explain, why do you think that 8000 pips drop could not be reached, ...

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

surely, but the sound of that announcement should be adjusted too

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

as we have seen on Daily GU from our previous discussion, it could be a downward move, which might mark a first part of W pattern of current recession

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

the slope for the channel you refer is too extreme for the phase of PA we are now; anyway, the next week will provide more evidence where we'd be heading up or down

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

on Daily GBP-USD we are currently in downtrending channel until HH is not broken

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

this is the old question: who is the the first - eggs or chicken? in our terms: price is the leading or time? different TFs express different pictures. GJ could go south for few months and this move possibly is not far away IMHO

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