I do agree that general overview on GJ is still bearish on daily and that it is important how price is closed in 2 hours; current set up looks like deja vu from Euro-USD on 4h: huge move up and new H&S formed with uptrend channel resembling bear ...

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

there is a pretty scary sign for bears: the possible change of bias to bullish as Malcolm mentioned earlier 1. price crossed over 4h Gann; 2. the right shoulder of 4h H&S is higher then the left one so we might see geppy at 159.5 or higher IMHO

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

during severe recession the monetary authority fights with deflation risk and the usual way is to swap a huge newly printed amount of USD with JPY and that is why JPY shall usually raise up against USD; CHF is usually considered as currency, which ...

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

if recession is still on then USD should rise up

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

geppy needs to form a right shoulder on up move (15M TF) before change of direction IMHO

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

158.8 is critical zone, once it is broken then we might expect 159/160 areas reached; until now we are still at upper line of downward channel

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

pin bar on daily looks like PA reaction on 200MA touch down

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

agree, solar wind (similar to MACD) has developed a bearish divergence on 4h TF

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

my chart marked 157.9 as top of 4h channel and critical zone

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

it looks very strange after 5MA (yellow) crossed down 10MA

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

if today 157.9 is reached then tomorrow we might probably see 160.1 overall trend remains bearish since top was at 162.5 IMHO

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

sorry, I can't see bull flag on 4h ; 155 is the visible target IMHO

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

there is a chance to revisit 160 area in order to accomplish H&S before short would be settled down IMHO

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

158.5 tomorrow? — daily points down but we may see 158 too

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

just a little bit of fun, of cause English is a priority as for channels; there are two different channels on GJ; 4H and 1D are bullish and 1H is bearish; GJ bounced from 50% line on 4H bullish channel and it seems that bulls will prevail IMHO

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

bin Ich auch dabei

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

unfortunately, you are absolutely right with your assumption of lost spirit of this thread. every trader must discipline his/her emotions and respect opinion of other trader because it might appear that other trader will have more understanding and ...

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

I don't see it, what I can expect is 100 pips drop on 5m IMHO

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

I agree that we might see the final push for GU to 1.53 and GJ to 152.5 areas IMHO

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

GU is getting more steam for a final push up to 1.533 before reversal IMHO

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