until 138.5 is broken geppy still is in downtrend channel

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

did you see that handwriting on the wall?

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

nice work, congrats

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

133.5 is a very important level right now and as more as I look at monthly chart as ugly future I see for the pair

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

that kind of "weakness" should be threated with caution because it could happen that geppy is just at the historical bottom and if it is the case then the collapse of global economy shall be extended for decades

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

nice graphics

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

20 years cycle — the current price of GJ is very important because it presents the super S/R level on monthly chart; geppy travels back and forth around that level only 3 times in 20 years. we still don't know yet whether January 2009 low ...

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

the panic is fundamentally grounded because both currencies (EUR and GBP) are pretty close to be damaged pretty much (the situation is more serious than it was in 2008)

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

by your daily channel geppy could go up to 137 but in that case the weekly view shall be broken to upside which is highly unlikely

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

I like your style of expression (strongly biased to probably wrong moves)

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

divergence could be postponed tremendously in strong trending market so that it might not work this time, let's see how daily will be closed

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

if the main trend remains intact then correction should seize at 131.5 max

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

I see the first signs of bullish bias

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

usually price postpones action before furious moves

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

just my 2c: from EU which took 1.21 low we might next low taken by GBP as single currency which will effect geppy on downside

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

bulls beware: PA walks like drunk sailor

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

agree, there is no apparent sense of trend on H1 and even H4 and I think that correction is finished at 130.5 and we'll see more weakness next week

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

geppy retraced 76% from 163 (top) now there is correction before further weakness I guess

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

once the strong wall on move down will fell apart @ 127.7 than geppy will weaken more

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

temp low is already in place and geppy looks bullish now JMHO

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