UJ's back testing its DP, Dow's testing its 12550 level - I guess the bear's getting ready to wake up...... image Edit; - darn it, that pesky cable's breaking out up and trying to spoil the bears picnic....

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

agreed - my 5 min chart MAY be rolling over - a break under 12550 will be the first real sign....

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

My 5 min GJ chart has now rolled over and is heading south - just needs to close under 207 to confirm.....for that I'm thinking it needs to see the dow doing the same...

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

mm - Ellie Jane, Gemima Jane and Annie Jane - yeeks, who said polygamy's not allowed......

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

LOL -I wondered who else noticed - oil was up, gold was up, euro was up and the dow was rallying - must have been the PPT in action - again! Ah well, it just let us ell from a higher level..... image

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

2am EDT is 8am in Europe - aka the Frankfurt Open. 3am EDT is 8am in the UK aka the London Open, so then you have these markets plus the Asian markets open and hence the highest volumn of the whole 24 hour day.

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

I'm hoping not for long too, short from 207.27....

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

I have its daily pivot at 105.87 - so far that's holding...

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

CHFUSD down 110 from its spike high after the slightly better than expected initial jobless data. Dow futures put in a graveyard doji spike high 15 lower than yesterdays high of 12502 so I'm thinking UJ has shot its bolt.

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

I guess the mkts liked this part... 2008.06.05 12:58:16 *Trichet: Rate Move Not Certain, But Possible

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

Trichet's speaking and so price is whipsawing - need to let it settle and see IF its turned the Euro's fall....

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

2008.06.05 11:45:14 *ECB Leaves Refi Rate Unchanged At 4.0%

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

7am is BOE- GBP. 7:45am is ECB - € Edit: BOE - rate unchanged at 5%

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

I should have qualified my comment with "in the short term", since I usually post 15 min charts in this thread. The ECB announcement at 7:45am EDT and the subsequent press conference at 8:30 EDT will obviously have a greater influence and decide if ...

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

2008.06.05 10:00:00 =DATA SNAP:German April Mfg Orders Drop On Low Foreign Demand Looks like the Euros going to continue falling........

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

GJ 15m chart — The pull back in Frankies Hour to the higher low just above todays pivot provided another buy opportunity and was followed by a nice move up to test Tuesdays highs at the 207 level - I closed my longs in this run up. At failed ...

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

Guys please note Gene's statement which is VERY important. Price MUST be in a time window to reverse, otherwise price will chop sideways UNTIL it arrives in its time window, then it will move. We all have good ideas about price levels - prior highs ...

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

agreed, but I'm worried that the swissy is not yet confirming / supporting UJ in this push up......

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

LOL - GBPUSD's been falling since last Friday - down over 300 pips as traders anticipated bad news from this report - now that its out they'll probably take their profits which will support it. GJ has just rallied 'cause UJ has gone up 30 pips which ...

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

Ah - finally they've come out......good job I closed my long scalp in cable on the spike up.... image

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