Cable's just making new highs for the day, but its not being supported by the euro. If it turns and UJ continues its fall I can see GJ down another 100 pips early in the US session.....the NY open will be interesting....

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

Dow down 40 since the news and UJ the same. I hedged my position before the news and closed my longs in the small news spike and now just have bermudas....I'll watch what happens around UJs earlier lows / support in the 103.60 area...

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

Thanks. The Euro's up 70 from its overnight lows. That has helped GBPUSD put on 160 pips and whilst UJ was slightly down, cable pulled GJ up. Now as we near the US open, UJ will "take more notice" of the action in the Dow etc - currently at the ...

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

Why the huge font - shouting's not needed, and yes, there is a reason for GBPJPY to have rallied....

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

actually, I'm long - but just for 20 - 40 pip scalps whilst in this sideways chop.....

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

What a strange start to the European Day - the biggest movers of the last couple of hours are the Euro & Swissy! - that means that the Cable / Swissy cross is the one to trade right now.....

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

The Brits are buying cable and so its now following the Euro up - €'s been rallying for the last 2 hours and is up 80 pips. Yesterday cable went up 80 pips straight after LO, before falling 170.... UJ's held around its daily S1 at 103.80, so cable's ...

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

Half an hour ago at the Frankfurt Open, UJ was moving slowly up and taking GJ with it - I was long. Then the Swissy started to drop hard and UJ had to follow - although more slowly. I guess that the Swissy is setting up for its news at 3:15 EDT - 35 ...

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

Whadsup....hic.....as that short that I took whilst I was checking out the pub was a winner, so I had to buy everyone a round and that led to another.....and then I was flat - aka horizontal - for a few hours.....zzzzzz.....now up, been long and now ...

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

LOL DT - I know that I've had a SunDowner, but the last time that I was sailing there, the Turk y Cackie Islands were still NNW of Puerto Rikas......have they too sunk without trace?

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

Thanks - I must confess that when I saw how the Dow was dropping I took another GJ short - just to help with my bar tab...... image

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

Sometime ago, I took option D - go to the pub, rather than give back todays hard won pips! Its interesting to see that the substantial dollar strength via the Swissy - +160 range - has not been so obvious in UJ at + 105 range. Cable with a -160 day ...

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

As its so slow, I closed my shorts in that last attempt at the 203 level - had a limit order 2 pips above the earlier low - a lot of waiting for 40 pips!

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

...and between the Monthly Pivot at 204.25 and the Weekly Pivot at 203.00

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

Agreed - when it breaks we should have a a 500+ move - I wonder what the trigger will be.....

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

Agreed - also Fridays low at 202.60 - I've only taken a small position as I see conflict with GU and UJ pulling in different directions....I'll watch the action around the 203 handle and might take some off there....

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

Great, that means there's a party at Bombas Shack...

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

From the 5m charts..... — OK, thanks. I have YMM8 flat and held around its daily pivot of 12,972, with the Dax also flat between 7217 & 7194 I have CHF bouncing to its 50% retrace and looking as if it will turn back down, leading UJ which is ...

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

Why?

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

Also a sell on GJ at 203.45 - although cable's spoiling that one for now.

The DIBS Method... No Free Lunch continues