Good morning....yesterday cable rallied 150 pips in the 6 hours from 3:30 edt - 30 mins after LO and in the same period GJ put on 155 pips, held back by UJs fall of 45 pips during the last half on the period. Now we have cable just under its daily ...

Daily GBP/JPY analysis

Thanks for the "heads up". I´ll do some research to get the hang of the basics before asking for any unput that you may be prepared to pass on. I seem to remember an indicator called Harmonic Zup that put fibbo relationships on a chart - I have it ...

Daily GBP/JPY analysis

What an amazingly accurate analysis - I can see that I have some work to do to learn more about Gartleys, Butterflys, Crabs and Bats - its some years since I first met them and I didnt pursue that encounter - obviously a mistake!

Daily GBP/JPY analysis

Hi Zoran - another accurate pattern - already hit the 78% fibbo......might I ask why its called a bearish bat when it seems to have indicated a bullish trade - although as a retrace

Daily GBP/JPY analysis

I decided to go out and catch up on some jobs - looks like I missed a nice 50+ pips off that higher low. I guess the Brits are thinking no rate cut....

Daily GBP/JPY analysis

Good Morning. Three hours ago GJ dropped below its Daily Pivot and joined cable which was already under its DP, leaving UJ above its DP but under its WR2 where it failed three times yesterday. So we start this important European Session with a ...

Daily GBP/JPY analysis

Wow....that´s a Triple Tweezers Top on the hourly.....not good for the bulls! ....and caused by the weakness in cable. As you say, let´s how far she falls - just glad I exited my longs at 237.82 some time ago (posted in the other thread)

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

LOL - ¿So should we now refer to you as "Don Quijote" ?

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

Sound reasoning and an excellent entry that is already more than 150 pips in profit! With my current system, the earliest that I had a signal was at 236.44, so I may need to adopt a similar strategy!.....also, the low risk inherent in such entries ...

Daily GBP/JPY analysis

Nice to see that we have two different but conforming reasons for entry! I dont want to post too many charts either - its easy to duplicate my reasons and entries. Now its starting to run out of momentum....UJ is just under its W R2 at 116.76 and GJ ...

Daily GBP/JPY analysis

Long at 237.31 on the pull back to the 5m 34ema.....looking for UJ to continue its slow climb and cable to hold above its daily S1 (US close) Initial stop 236.91

Daily GBP/JPY analysis

If you check the posts from earlier this morning you´ll find that Vishal posted the rumour of an option expiry in UJ at the 117 level. Since then UJ has made steady upward progress and is now at 116.38 - its daily R2. IF UJ does continue upwards ...

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

Cable dropped 65 pips and GJ matched it, getting to within 4 pips of its earlier low. But as UJ held at its 5m 34ema and was moving back up, this IMO prevented a larger fall in GJ. Cable has now bounced a bit and UJ is close to its prior high / M4 ...

Daily GBP/JPY analysis

Especially IF UJ breaks above its high / M4 at 116.20 and GU stops falling

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

I also had that as a possible buy on the bounce from my 5 m 34 ema, but I noticed that GU was holding under its DP, so I decided to wait for the 10:30 data.

Daily GBP/JPY analysis

GM Wolf - well done hanging in with your long. We certainly had the better deal last night - in bed asleep rather than watching the non action session. Whilst the 5m chart I posted did not at that time show a buy signal, my 1 min gave a nice entry ...

Daily GBP/JPY analysis

Very interesting - thanks for the info. UJ just went up 40 pips and GJ up 85, so IF UJ made it up the extra 80 pips to 117 just think where GJ might go!!

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

UJ up 40 pips, so GJ up 85 pips image

Cable Update (GBPUSD)

Yep - 1 min chart and take 15 / 20 pips image

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

5 min chart — What a terrible Asian Session for trading! GJ was in a 75 pip range, with an early sell getting to just under the DP / 50% fibbo, hanging around there for 2 hours before making it back up to the 78% fibbo before a lower high and ...

Daily GBP/JPY analysis