I agree, not today, anticipate by the end of next week. Then down to 175-195 by the end of the year. (Fundamentals don't support these two currencies and logic dictates that we are in for a fall).

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

Even with another rate cut (which they will most certainly get), higher oil prices, inflation rampant. Great Britain of the 70's and 80's in the USA in 2008.

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

I am going to send you a pm. don't want to discuss CAD on this thread. Wouldn't want to incur the wrath of anyone. I have enough enemies as is. :

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

I wouldn't be caught dead trying to scalp a yen cross. I don't know why some people are even attempting it. I guess you have to fall down to learn something the hard way.

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

I don't know but I am riding my Yen Shorts down from 11/01. GU I opened shorts last night. I am only scalping EUR/CAD and GBP/CAD (to keep myself busy). I am leaving my long term shorts until I see we have hit market bottom.

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

I am counting on it.

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

Too many negative reports, losses, fear today. We should see GY under 231.50 today and if my analysis on the fundamentals are correct, we might test august lows by the end of next week.

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

Don't worry, more to come.

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

Yeah, I heard that on Bloomberg also.

Cable Update (GBPUSD)

They know that we are headed up shit's creek.

Cable Update (GBPUSD)

I was expecting it to start next week but thats ok, I had a short in GU already in place

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

A rumor had spread that the Fed was going suprise the market by lowering rates. I believe, that is the reason why we saw a rally. All they are doing is killing the $ while trying to save the economy, which they won't succeed. The next president who ...

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

Better late than never.

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

No chart, logic dictates that the dow is down + $ is down. $ fuels the Japanese economy. A weak $ is bad for Japanese exports. When Japanese exports get hurt, the yen strengthens and Japanese stocks take a hit. Hope that answers your questions. ...

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

Looks like the Asian Session will be in the red.

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

I second that, I see it hitting around 95 and then heading back up, with the help of our Japanese friends.

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

Yes my friend, GJ very confused. I have overdosed on your patience pills and chilling out over here. I see a major correction next week with GU (All fundamentals).

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