Where is the 5sma? I don't have my charts up?

Aussie Pairs

Seeking, Chart breakdown meaning technical analysis is meaningless and its either panic buying/selling. Such as after 9/11, but if you want to quibble with that then go ahead. Whatever.

Cable Update (GBPUSD)

They've got no choice, the US is their biggest market. Plus geopolitically the US needs the Japanese as a counterweight to China in the Asia Pacific region. Notice the US has tacitally allowed Yen weakness while squawking mightily at Yuan weakness. ...

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

Oh no doubt, they've historically propped up the Jpy around the 109/110 area

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

I actually believe we'll get a corrective bounce, just a better short entry of course.

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

Yep I've been eating very well off AJ and AU, I'm waiting to see what London does as the volume is much larger when they're in session. We could see a bounce, albeit temporarily, and then another round of seling to see us target those August/Oct ...

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

This thing might not bounce till another 1000 pips in the 80s

Aussie Pairs

Imvho we're experiencing a chart breakdown, ala the selloff in the beginning of the year. This is when techs really become meaningless and you have to trade the mass psychology.

Cable Update (GBPUSD)

If the equities bottom, so will the carry trade pairs. The interesting thing is that we have a 1000 pips or so to go on the carry pairs, AJ and NJ in particular, until the longterm bull trend would be considered broken.

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

Cable's going down under, as are all the high yielders. Hello recession.

Cable Update (GBPUSD)

@markam This thing's getting uglier, earnings come out in NY Session. Could be an interesting London/Euro session

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

I see, the reason I asked is because I remember how it bouned back before.

Aussie Pairs

Shouldn't that gap be filled, KGB? Or will these prices jjust not be printed as the selloff continues?

Aussie Pairs

This gap has to be filled should be an interesting session

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

Wow. xe.com has AU at 9047, what was the Friday close? That's a helluva gap imvho.

Aussie Pairs

xe.com shows 230.84

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

I agree with that. The debt servicing model is clearly becoming too much of a drag on the overall economic/social well being of the US.

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

Zoran, I agree with your NZD/JPY call, the trendlines in NZD/JPY usually hold and the yield is still very attractive. However should Asian equities tank then all bets are off. With that being said I favor an upside surge, followed by a selloff in ...

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

Agreed, see you on Sun/Mon. Have a great weekend

Aussie Pairs

They're dead, they broke through the 13100 mark. I'm expecting some bounces on the Jpy crosses and whatnot but I'll be looking to sell any rally. We could arguably retrace all the way back to the 100% fibo off this move and then do it all over ...

Aussie Pairs