next week we might see 206.75 IMHO

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

there are different fluctuations in frequency and length of waves within period of congestion, thus the correlation is not obvious

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

agree, after 208.40 we might see correction down to 207.00; 205.80 probably would not be reachable this time

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

first GJ might test 209.30 before fall comes IMHO;

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

probability is enough

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

by June 1 the beast will go jump up to touch 208.08 IMHO

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

on monthly TF GJ formed first green candlestick after mighty shorts since July and it looks like positioned for corrective moves up

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

from top 251 last July GJ bottomed 192.5 and it seems now positioned for retracting; if it is true then we might see moves higher than 208

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

IMHO GJ sure shall move down but not now, the reason is that on smaller TFs the retracement was not finished yet from 250 move down.

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

also ascending channel is formed on 4h, now GJ sits at the bottom GJ can move to 208 area too

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

channel is formed on 1h

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

IMHO GJ might jump 100+ pps up to 201.90-202.30 before move down

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

there is a bias correlation between GJ and UJ: if USD news are bad it shall effect GJ pushing it down through mediator of JPY BUT if the news for GBP are good then the move down is usually limited

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

gj forms ascending triangle and we might see 204 and 210

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

if 210.20 is crossed one more time we might see quite strong move 500 pips or more up.

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

Congratulations and best wishes!

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

Hi Dr. D! EM resonant waves (EMRW) are subject of my research too! particularly, its quite interesting to watch coincidence of certain properties of EMRW and behavior of GJ, especially their harmonics.

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

nice chart, thx! my first impression from reading of your chart is that history is repeating; we have a pattern from previous consolidation, which followed a fall from 229.90 at this time we have a difference from that pattern because if GJ would ...

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

question to Elliottwave theory fans: how many already completed waves within current consolidation? a break to 209.50 means that GJ falls off Gann line and further move down shall be developed. this scenario is off current retracement started since ...

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

GJ is forming a foundation for its jump up and it's getting closer now to begin with it

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