looks promising, doesn't look like a spike to me, need a decent close below 133.10 on 4h chart.

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

133.10 barrier is about to fall, way too much volatility here, a deep war going on between bears and bulls right now.

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

4h chart tells me if we manage to get below 133.10 and close there, we may see a fast downward move.

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

RSI with standart parameters says a lot on 30m 1h and 4h charts, just bind recent dibs, its about to break down on 30m and 1h forming a rising wedge, and 4h is about to hit top, so i say this should go down not very soon but later today, still ...

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

what about macd divergence on 15min chart? it seems like it's gon' break up. i'm short biased but hedged my short positions 1 to 1 until some other high. edit: anyway, i added a small short from 134.14 since it's 61.8 retracement level from 139.50 ...

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

i was just about to post this ascending triangle stuff, plus 133.10 is a strong support too, i guess we are going up to 134.30ish again, lets see what will happen there, probably break up for 137.50-60 (lenght of the triangle blabla) , dunno.

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

i agree with that on ej, it will end up somewhere near 116.8 and from there it will bounce up hard, you may ask why. it is possible to see a perfect falling wedge forming on all 5m 15m and 30m charts and it seems like it will hit the bottom at ...

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

check 5min chart, widening wedge forming, these usually form when immense movements are on the way, no? so if this holds, i think we might see yesterdays lows with londra open.

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

142.25 will decide on that, draw a horizontal line on the 1h chart and observe, lets see.

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

you are ignoring the trendline starting from 131.98, is a strong support right now @ 140.19, if we can not breach this level after another test, we may bounce up towards 145 once again.

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

i think gy officially started it's retracement down to 143.40ish, staying in the triangle.

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

i don't know what you guys think but if we ever gonna test lows again, this parity will hit 148.xx first before proceeding to that, on daily chart i see a bearish divergence forming but its not finished yet, so i assume last month was just a ...

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

you'r simply saying we are going down to 132ish ?

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

hedging is itself dangerous i think, whatever level you do it. =)

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

i can't get this, there is bearish divergence on 1h TF, rising wedge on 4h TF, bearish falling 3 on daily, still trying to push higher, just weird.

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

140.90 is the key for that i think, on h4 draw trend line starting from 132 passing through all bottom points, we are close to that trend line and seems price will intersect with it at around 140.90. its currently stuck at 143.25.

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

eyes seeing 140.90 i think, strong support as well, if can't be breached downwards, back to 145 imo.

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

i see bearish biases on 30min 1h 4h and daily charts, maybe not now, but soon.. should go up for some more, in a tiny rising wedge, probably down after, maybe a new short term downtrend or just a retracement. we are at a strong resistance level, ...

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

what about the possible gap up ?

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

still bear honestly, holding until 145.60, i have belief in 145 resistance. also short on gbp/chf.

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