UJ just tried for a break for the supporting trendline but it didn't make it. (remains to be seen though) I'm pretty amazed at the predictive value of these lines.

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

UJ is hiding in the triangle and ranging nicely.. Its gonna be explosive either way it pops.

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

I'm with you buddy. GU price has since stalled, and UJ is slowly turning up after hitting that trendline. Waiting for both pairs to lose correlation and once their hourly stochastics turn up we might be in for a nice long ride.

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

UJ seems to have found support at 109.10, a nice upward sloping trendline can be drawn. UJ has to break out of 109.75 before anything big happens.

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

I'm not advocating anything here, but I have recently noticed this indicator that they have been mentioning, SSI. It is similar to COT, a leading indicator that shows that traders are always wrong at extremes. Contrarian. From their own servers, ...

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

dailyfx is actaully offered to live account holders by fxcm. it does give a good summary, but I haven't really traded according to it to see its effectiveness. ak47dan2004, what's your view about their analysis?

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

Rejection of the downward sloping trend line + pinbar/hammer candle formation more or less says the uptrend is still intact for now

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

The move is more or less over. If we're still assuming its in an major uptrend for the next few days, these lines will only apply for this short subsequent downtrend. There's strong support for Geppy at 216.20 intraday.

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

Hi Orionsway, Very interested in how your points are being calculated. S/R + Fibs + Pivot points are an integral part of how I trade and I would definitely appreciate an additional point of view. P.S. The new points calculated from the new high are ...

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

I just scalped GJ and GU for a small profit I cant believe I missed that halifax news announcement! Seems like GJ might stall for a while since GU doesnt seem like she can break 1.9800. (Edit : Maybe it just did.)

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

Closed out my position with a teeny weeny profit I really couldnt resist the USD/JPY trendline break. But now that it seems like a false breakout, I think I must have been lucky to have even take a few pips off that short.

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

I went for a short of GBP/JPY. USD/JPY has broken its support, and GBP/USD is experiencing a downtrend.

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

I posted the chart a while earlier. Right now USD/JPY is floundering in a nice right angled triangle. (supported by an ascending trendline u draw from 4th jan on a 30 min chart. approximately touched 6 times - pretty important if you ask me)

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

I didnt exactly "call" for it to go down, but based on the fact that 109.75 was a very strong resistance, and on the way the price quickly shot up to 109.75 but got hammered down in a few seconds showed that it was a pretty convincing price ...

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

the uptrend has been capped by a 109.75 resistance line that has been tested a couple of times. however a upward rising trendline acting as support can also be seen. comments pls!

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

just my 2 cents. UJ is capped by a 109.75 line (very obvious on the 30mins charts). For GJ to rally, UJ has to break to the upside, through 109.75. However, theres a chance UJ to break into bearish mode. (if it breaks the ascending trendline)

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

Sad to say my view is with bones. If any, it will still bearish for a while.

Cable Update (GBPUSD)

caught a 132 pips drop in GBP/JPY. Seems like the support levels for cable didnt hold though. Next level of support at 1.9700.

Cable Update (GBPUSD)

covered my shorts for cable and usd/chf for 67 pips. that strong upside momentum caught me by surprise.

Cable Update (GBPUSD)

my nearest support is 1.9755. yet to close my short on cable.

Cable Update (GBPUSD)