Round numbers are always zones with a lot of activity around it. I wasn't expecting it in one move and I picked 165 as the last high before the move down we're currently moving away from.

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

I'm watching the action around 151.00, could be 165.00 if that opens up.

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

Declarative statements show intent ;-) Good stuff raczek

james16 Chart Thread

The close below 145 on Friday was a bearish signal for me. Expect this drop to reach 141.50ish area in London time. After that perhaps a retrace towards 143.40/144.00 then a drop below 140, and at 138.00 I'll re-evaluate. Along with DJIA weakness ...

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

Could be that I am wrong for sure

james16 Chart Thread

gbp/chf is squeezing in that ever narrowing range that suggest a breakout. Usually in such a pattern it's topside.

james16 Chart Thread

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

Yep, the equities rally is garbage, and will be over soon. I'm looking for 143 initially then 141

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

Oh I know I'm just breakin' balls. BTW has anyone cared to look at the monthly GJ chart?

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

Sounds like someone's cross because they didn't get a visit

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

Yep, a complete joke indeed.

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

BTW rgitt05 nice car.

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

I had 1.3581 as a reversal zone, and instead it blasted through that. There's a possible triple top on the daily at 1.3750 if that gives then 1.47 is opened up on my charts.

EURUSD

Looks like EU wants to go back to 1.40

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

146 had been resistance, could be support now. Let's see.

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

So true, so true.

james16 Chart Thread

FWIW I'm looking at 148.07 as my first stop if 149 gives. DJIA slowing down. Thoughts?

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

I see 1.3581 as a reversal zone. Just my .02

EURUSD

Sidelined on GJ as well, trading EU and EA

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

That takes time and effort, all applied in the wrong way and pretty cowardly.

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