Mixed Bag This Morning New York, November 21. — Japanese Finance Minister Nakagawa reiterated the need to "take action" to tame "abrupt movements in the currency market which are undesirable." One bank"s take is that these were general ...

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

My target is 146 area on the 1hr Chart — A full retracement to the 146 area 76.8% on the hour chart which I calculate around 10am which may help to support is the presence of a 95.00 strike UJ vanilla option expiry for the 10am New York cut.. ...

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

USDJPY – Currency traders have recently bought into US Dollar/Japanese Yen declines, and the ratio of long to short positions in the USD/JPY currently stands at 1.30 as nearly 56 percent of traders are long. In fact, US dollar/Japanese Yen long ...

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

Yen Outlook — USD/JPY opened Asia just shy of its 93.55 late New York base, but failure of Asian bourses to follow the DJIA slump took the pair back over 94.00. Subsequent Nikkei strength (eventually closed up 200+pts) was aided by Fin Min ...

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

I guess 140.50 is the strong resistance...My order was triggered at 140.50. I have my TP at 132.70 on the Daily chart FE 132.70 Good Luck!! url From my news source: The USD/JPY is grinding higher late in the Asian morning due to ...

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

Daily GJ chart — Based on my chart, the 140.50 is the resistance the GJ will pullback to before another leg down. I might place another short position from 140.50 to TP at 132.70 area based on the FE 261.8%. Good Luck!!

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

Price Technical Significance — Price Technical Significance GPYJPY 151.75(M) Daily High Nov 12 150.90(M) 20 Day SMA 147.90(M) Daily High, Nov 19 143.90(M) Daily High, Nov 20 138.95(S) Daily Trend Low Nov 13 134.65(M) Monthly Low Jul 95 ...

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

Based on my 1hr chart, it looks like a possible retracement from 76.8% The CHF cut the rate to 1%, and I believe that is what holding the GJ and other pairs versus the USD atm.. This maybe a retracement day and consolidation before the big fall ...

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

Here is the price Magnified market price indicator Just go into the setting of the indicator and change the font to whatever size that suite your eyes. :nerd:

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

Will GJ break the 139 today? — Based on my chart, the GJ is still contain in the triangle on the Daily chart.. It may rally for another possible position to short for a nice drop thru the 139 low today or tomorrow or the weekend.. Overall, the ...

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

Hi TraderStar, I am glad you are enjoying the charts...My bias is to buy on the dips because I believe the feds will clue the market for another rate cute in Dec. 2008..This news will be short live rally but I am buying on the dips for another run ...

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

So far PA is heading to 150 area... — My first target at the 148 area hit .. I am waiting for the finally rally before a nice retracement as long as the candles stay in the triangle on the Daily chart. Waiting for the finally PA near the 150 ...

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

You are probably right about PING-PONG because the feds are talking again this afternoon at 2pm and the three big auto companies are begging today in front of the congress for money...( Confusing and fear again today) Consolidation in my opinion ...

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

My targets are 148 and 150 on the hour chart — Based on my charts, the PA may breakout to the 148 and 150 level from the fibs retracement levels.. 50% at 148 area 61.8 % at 150 area Overnite the PA mainly consolidated for a nice BO to the ...

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

Still contained within the triangle on the daily chart — As long as the PA stays in the triangle, this PA will probably pullback near the 149-150 range before breakout to the downside.. Today the three Auto CEO's are testifying in front of ...

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

Daily chart — Always remember to look at the big picture.. Based on my daily chart, I see a triangle formation... As long as the candles stay within this frame , I am bearish... It may pullback to the 150 area for another possible short... You ...

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

You are right about decrease volume... The weekly looks almost topped out and ready for a nice reversal... As I said it looks bullish for now.... I am bearish overall..I am enjoying the rallies for more shorts.. I want to know what the ...

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

Here is a nice chart... http://stockcharts.com/charts/gallery.html?$USD Looks bullish for NOW...

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

The Senate Banking Committee hearing on the auto industry at 3pm — More drop possibly until they convince the committee to bailout the car industry...

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