5min GJ — The 50EMA is above the 200EMA which is bullish and the PA above the 50EMA atm... The CCI is trending above the zero... It looks bullish so far..

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

It expected to see slow PA near the 137.50 Resistance since it been tested again from last friday in the closing...Remember the volume is low for a breakout with Asian only trading...Hopefully, London time will rally this higher before the drop ...

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

That is why I called them the " Little 3 " when they have to downsize big time inorder to work with the small loan the feds will give them...

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

Look at the DJ futures and the Nikkei.. They are convince about the bailout plan... The UJ needs to breakout of range toward upside to correlate with the GU mom until later news for a nice drop unless Little 3 have a deal in place.. IMHO..

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

You are right about that..There should be about 2.5 million engineers and supervisors jobs for the millions of college graduates to help build the bridge to no where...j/k

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

President-elect Obama will boost investment in roads, bridges and public buildings to create and preserve 2.5 million jobs, he said on Dec. 6. U.S. companies cut payrolls at the fastest pace in 34 years, with the unemployment rate rising to the ...

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

Thanks pkimnyc.. Trade what you see on the chart..

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

Asian Stocks Rise on U.S. Stimulus Plan, Japan Bank Lending — Dec. 8 (Bloomberg) -- Asian stocks rose for a second day, after U.S. President-elect Barack Obama pledged the biggest public works program in about 50 years and Japanese banks ...

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

My 4hr GJ chart — Based on my 4hr chart, it looks like the PA will try to retrace back to the 50EMA and the R3 140.00 area where the trendlines intercept.. The PA of the GU looks bullish and the bailout Speculation may get this up this level.. ...

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

My hourly GJ chart — If the 1hr GJ trendline breaks than the two levels of resistance: Long on the breakout of the trendline to this TP R2,R3 R2- 138.40 R3- 140.00 I will short from the 140 area if it holds...

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

Australia Stocks, Japan Futures Gain on U.S. Auto Rescue Plan — Dec. 8 (Bloomberg) -- Australian shares and Japan’s stock futures rose after lawmakers neared agreement on a rescue plan for American automakers, outweighing the biggest job ...

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

Daily UJ chart — The PA of UJ have been range bound until last two days setting lower lows since Oct. 08. UJ is probably waiting for some indication from the bailout decision before leading the way this week...The PA support at 93.50 held for ...

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

This january effect may explain the recovery of the DOW.. url

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

Any charts for your claim?

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

"January effect” — The Japanese Yen could reverse recent gains next week as seasonal capital flows create the perception of a boost to risk appetite. Last week, we suggested that stock markets may rise in December as traders prepare for ...

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

Just a caution on the retracement argument. This from another board. — Another point worth noting when considering a December retracement. Stocks' latest rally may trip on harsh data: Financial News - Yahoo! Finance url I might be horribly ...

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

Excellent Analyst...This is the reason why I love this board..Elite traders like yourself always back your arguement with charts and reasoning... We can't always be right but at least a chart with explantions to support your POV helps the newbies ...

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

Thanks Dr. G and Pkimnyc..It takes a good trader to recognize one...

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

My GJ forecast for the month — The 138 support is now a resistance after several times to break the support...I am firmed that the PA will continue downward at the end of the month...I believe fibs PA will fullfull the FE to 120-121 area ...

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

My daily PA observation for the past four weeks — On my daily chart, I noticed the PA stayed in a 1000 pips channel from the low of 138.00 to the high of 148.00 for almost three weeks before breaking out this week...My understanding that when ...

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