Hi malcolmb, It looks like this PA wants to test the lows again before retracing based on the fundamentals the asian market is receiving. I have the 144 range for support and if that breaks than the 141 range which is 76.8% retracement from the ...

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

Replace the dollar with AMERO..

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

Rumor — Britain is considering joining the eurozone as a direct consequence of global financial turmoil, European Commission President Jose Manuel Barroso said today. Rumors persist about the UK looking to eventually join the ECB and replace ...

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

Japan Stocks Slide on Developer Bankruptcy, U.S. Holiday Sales — Dec. 1 (Bloomberg) -- Japan stocks declined after condominium builder Morimoto Co. became the second-largest bankruptcy case in Japan this year and U.S. retailers had the ...

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

Kudos to mktjong Thanks for pointing out the HD on the daily..I am still bullish for the retracement before the big drop..

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

Malcolmb, The EU may also contribute to the EJ weakness which correlate with GJ.

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

USD/JPY: Quiet At Start Of Possibly Rocky Event Risk-Laden Week Tokyo, December 1. — USD/JPY like other pairs opened Asian trading in a very quiet manner. The pair has traded between 95.35/40 and 95.55/60 so far and looks to remain relatively ...

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

Hi lilmoe, Thanks for the feedback..It looks like the asia market will be more conservative and let the London market decided the bias ...My chart setup on the 4hr seems to playout so far and may bounce off the 144 range before taking off ...

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

News Headlines From The Weekend Sydney, December 01: — * OPEC on Saturday deferred a decision to cut oil supplies - Reuters - Reuters reported that OPEC deferred on making a decision on whether or not to cut oil production at their meeting ...

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

US Sends $800 Billion In New Amero Currency To China url

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

It sounds like a global intervention if all the pairs go down...

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

US Dollar Forecast to Rally Against Euro, Drop Against Yen — EURUSD – Euro Forecast to Decline Further Against US Dollar on Forex Positioning USDJPY – Japanese Yen Likely to Continue Higher Through Short-Term Trading EURUSD – Forex trading ...

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

Thanks for the link.. If you look back at my posts, I gave that link to someone already... If you look at my charts I posted, the 4hr is in consolidation for a major breakout..I expected the pullback, but my bias is long due to the fundamentals and ...

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

Will carry trade end? If this a global recession economy and the banks are force to cut the rates to 0,there will be no interest difference to make a carry trade... This week GU and EU will cause some major PA on Dec.4.. If the EU cut more than 50 ...

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

How do china directly affect the USD recovery when China is relying on our export purchase?

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

Hi mktjong, I used the MACD that is still trending upward and it is still holding the trend . I am more focus on the fundamentals this week for that bullish bias...Not all divergence playout right away This week will tell the story why technicals ...

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

Here is another 4hr GJ chart — This past week you can see the PA ranged between 144-148...This is a Classic Consolidation for a major breakout... Based on my MACD that is trending up and the candles are trending upward, my bias is bullish ...

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

Thanks for the indicator...

S&R Indicator Modification

Thanks Scrat We are due for a big retracement after this week consolidation. My bias is retracement to the 38.2 level(160)..Their maybe some pullback on the sunday open since the volume that malcolmb14 pointed out was the reason for the ...

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