Nice sell off during the Asian session....pity I was asleep! Got a continuation Sell when price was held by the 5m 34ema at the FO - 230.75. Now need cable to make a convincing break under its 0100 level to allow GJ to drop to its last Thursday low ...

Daily GBP/JPY analysis

Anyone smell stop hunting on that little spike below the 100?.....lets see what the Brits do....LO in 10 mins

Cable Update (GBPUSD)

UJ made a low at 2:06, now up 20; GJ followed with its low at 2:09, now up 36 and cable hit its 2.0100 level at 2:27 and has bounced up 10. IMO, a nice bounce to allow some room to build momentum to break these strong supports will be needed - the ...

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

This is a daily GBPJPY chart that I´ve posted a couple of times elsewhere. I´m finding this 227.50 - 235.50 to whippy to make an EW count, so I´m happy taking entries off my 5 min chart as I see them, until one of the levels breaks. A close above ...

Harmonic Wave Journal

Hit stop on remainder, so out for +34 and +21, so I´´m above my target of 100 pips for today. I think I´ll call it a day - its too easy to give back pips when the markets like this!

Daily GBP/JPY analysis

I came back to find that I´d missed 4 hours of sideways trading, so glad I wasnt around. Now short from 32.73 after the 5m 200ema held as resistance. Price now held at the support of the daily and monthly pivots -232.37 & 232.30 - it will need some ...

Daily GBP/JPY analysis

mm....a load of crap IMO

Cable Update (GBPUSD)

Out of the remainder at 232.60 - neither cable nor UJ seem to want to go any lower for now.

Daily GBP/JPY analysis

Great start to your week.....Bon Appetite

Daily GBP/JPY analysis

Trading ranging days — When there is no clear trend I often drill down to my 1 min chart and take short "hit and run" trades until I see a trend starting. Hopefully I´ll still have a position open and will then let it run and add to it on pull ...

Daily GBP/JPY analysis

Yes, the movements of Cable and UJ can be confusing and I agree that it is easiest just to watch GJ. I post the info just to help other traders to be aware of their influence in what happens with GJ. The best moves come when cable and UJ are moving ...

Daily GBP/JPY analysis

Hi Wolf - I´ve moved my stop too, now we need UJ to continue down and cable to break under 0255 and we´ll have a chance of a better move. image Edit: Taken partials for +18....looks like cable´s going to bounce and UJ stalled

Daily GBP/JPY analysis

Sold again at 233.08, stop at 233.30. I´ll keep taking these hit and run trades whilst its ranging.

Daily GBP/JPY analysis

Cable and Euro now pulling back, thus in line with UJ. Sold at 233.20 with stop at 233.60 Edit: Closed for +25 when it stalled as UJ failed to push lower.

Daily GBP/JPY analysis

With Japan on holiday, it was the Frankfurters buying that woke the market up. The Euro hit its last weeks high at 1.4130 and turned back. Cable hit R2 and spiked above and can still go to 2.0364 before hitting its recent high. UJ remains flat and ...

Daily GBP/JPY analysis

Cable continues... — Good morning. Cable held above its 5m 34ema support and then rallied higher and hit its daily R2. This pulled GJ off its 233 level and up to M3 at 233.50 - but UJ is not following and still looking heavy and will probably ...

Daily GBP/JPY analysis

Agreed, but I´m out for now....some divergence showing on 1 min, BUT the trend´s still up......will it make it to the 78.6% at 233.18....twt. IF it drops back to the 232 level again, then it will be under the 1 min 34ema and that ema will have ...

Daily GBP/JPY analysis

I have the monthly pivot at 232.30 and off my 30 min chart, the 61.8% retrace at 232.40, so that´s my first target....also the Euros now dropping , expect cable to follow

Daily GBP/JPY analysis

Drilling down... — Earlier this morning I was short, but the 230.50 area was proving difficult to break. To get a better idea, I drilled down to the 1 min chart and found the snake showing signs of bullish divergence and so I closed my ...

Daily GBP/JPY analysis

UJ is the key, its sitting on its pivot - 114.93 - could go either way IMO

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