Ascending Formation on the 60min TF — I am still long for the possible breakout upward if this trend stays in place.. I will double my position at 193.50 for target at 197.00 range.. You be the judge...

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

My 15min TF is still holding — I am still long unless my 15min TF TL is broken... It looks like a long day.... Trending day.... My position will BE if my 193.50 position breaks.. Oh well, no one is in control of the market...

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

If the 192.60 doesn't break than maybe I will average a better position for a long.. — It looks like everything is down, no correlation... I believe the market is taking profit because of commodites meltdown in oil breakdown below the $110 ...

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

Big picture for GJ if the 192.60 support breaks — Scenaro if the 192.60 support breaks The S2 179.80 level will possible be next target.. Possible pips for long term traders... 1280 pips.. You be the judge..

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

Thanks for your feedback... — Today, I believe the market is waiting on the amount of oil rigs damage for overall assessment.. My bias is the damage is minimal based on the updated news.. Good for US to strenghten more against the other ...

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

I don't think the support will break anytime soon.. — The daily chart shows three time the 192.60 as a strong support. Three times is a charm... Anyway the fundamentals is holding the GJ up for now..

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

Chart of the Day - 9/02/2008 - GBP/JPY — Chart of the Day - 9/02/2008 - GBP/JPY 9/02/2008 – GBP/JPY – Price on the GBP/JPY daily chart, as shown, bounced precisely up off a significant long-term support level late on Monday. This level resides ...

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

I don't think so...Fundamentals are strong.. — Charts don't lie....Oil is heading for 100 if the rigs are ok... You be the judge..

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

Strong support at 194.00 on the 4hr chart — Buy on the dips for better position... Still a possible retracement to 38.2% 197.96... Looks like tonite or tomorrow for this to happen... You be the judge...

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

So far GJ is on track to fill the gap from Sunday — Retracement to (38.2) 197.96 at least .... Target from 193.50 to 197.00 range Possible for 350 to 400 pips You be the judge

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

Looks like a Doji from my 4 hr charts — PMI on average is improving...Last week Chicago PMI was higher than expected because of export.. You be the judge...

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

Fundamental is KING today — Oil is down and the DOW jones open with a rally.. 197.00 is not far away for my first target....

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

ISM Manufacturing PMI — The past five months the PMI averaged more than the forecast.. I see a trend for another good PMI... Aug 1, 2008 50.0 49.4 50.2 Jul 1, 2008 50.2 48.6 49.6 Jun 2, 2008 49.6 48.6 48.6 May 1, 2008 48.6 48.0 48.6 Apr 1, ...

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

If GJ decides to breakdown lower than 192.60 , — I have a hedge position to reduce the lose and possible gain more pips the other direction... Keep it simple and be patience... There are other things to do besides watching charts... ...

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

My first target at 197.00 — My first target may fill today or tommorrow based on the FUN damentals.. OIL is down and the US strength against all currencies.. Wait and see what happen.... Position 193.50 long... Target 197.00 350 pips ...

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

More news for AUD tonite at 12:30pm

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

You are right about the price in because the price action for the AUDUSD happen before the news...

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

Bads news for AUD but good news for UJ.. — sometime tonite UJ....break the 108.50 range

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

Australia May Cut Rate for First Time Since 2001, Signal More — Sept. 2 (Bloomberg) -- Australia's central bank will probably cut its benchmark interest rate for the first time in seven years and may signal further reductions in coming months ...

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

Buy more GJ on the pullback for more pips... — UJ needs to break the 108.50 range again for another possible 100 pips for the GJ.. waiting for the news...9:30 pm

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