if 214.39 is breached only then GJ could move up. IMHO it shall retrace from 214.25

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

bears might go shorts when 15m candle will be closed at 212.90 area IMHO

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

it would be a big surprise to my understanding of nature if GJ would not be able to cross 213.65 up now

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

that move up is not finished yet, just S/R at 213.65 is very strong IMO; it might go more up to accomplish the current move or at least to try S/R level again.

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

there is a small barrier at 213.25. If GJ crosses up then moves more up

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

GJ shall retrace from 214.30 area probably to 211.90 and then might move more up IMO

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

nice push down, ZeroLag is down too.

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

GJ price is leveled at 212.64, which is my monthly pivot. H1 Laguerra positioned for move down, as well as TT BUT price didn't cross ZeroLag and sits on top of it. and Bollinger Bands are turned up. IMHO it's next move is not formed yet.

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

this move up is not completely finished yet, it is not correct time for shorts IMO it looks like GJ is pretty heavy to reach 213.25 station and if GJ would not be able to climb up little bit more that could be a sign of warning for bears because ...

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

agree! Gann fan is NOT a directional indicator, it is a range indicator, where price can walk or fly

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

Greetings and full respect!

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

according to Gann that is a checkpoint for current move; if GJ will cross it up then we might see a development of reversal into uptrend

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

if GJ will cross 209.25 up that could be a pretty strong confirmation of reversal

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

TY for very good analysis IMO GJ is developing up move; 208 is bottom and 212.50 is up range for that move according to Gann fan

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

IMHO down trend is weakening now and close to reverse, long waited uptrend is very near: TT passed bottom and turning up, 1h bar sits on ZerolLAG, price crossed 5sma and is developing over it on 1mTF, DB at 207 area, Laguerre turned from bottom and ...

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

completely agree; watch this video video

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

there are good news for stock market is rising up in Japan

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

if GJ shall cross 212.85 line up it might be a sign that long is still intact; usually fib level must be reached and after that it'd reverse or retrace

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

the current consolidation looks like similar the last one last week, when price jumped up; also on VT 4H fib fan shows 50% at 214.25 and if the price will move up IMHO we shall see it @ 216.55/65 (68.2% fib fan);

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

GJ with second jump crossed the Wfib 38, let's see the confirmation of uptrend if that cross was true

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