What fundamentals is going to get GJ up this target..First of all, the daily TL must break at 150 first before 153.00 Wishful thinking but not today..

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

4hr and Daily GJ chart — Price action still in the down channel and targets are set at the fib levels.

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

15TF GJ chart — Price action on the Down channel toward the 76.8% 148.40 target S1

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

Look like my setup will playout..

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

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

It would need to break the Daily TL for that playout..

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

4hr GJ chart — Since Japan is out for the holidays, price action looks bullish to test the 150 resistance zone from the 4hr,Daily overall trendline..If the 150.00 TL holds,than this area would be an opportunity to sell unless it breaks. ...

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

Currencies at Sentiment Extremes (COT) — The COT Index is the percentile of the difference between net speculative positioning and net commercial positioning measured over a specific number of weeks (either 52 or 13). A reading close to 0 ...

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

Since China is the only major market open during Asian time, I would expect major breakout to the downside at 10pm. China Said to Consider Buying Gold From IMF, Market News Says China may purchase some of the 403.3 metric tons of gold being offered ...

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

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

Daily channel rules over 3hr chart..

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

Price action have to break the daily down channel for my bias to change..

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

If the H & S formation don't playout than I see the 150.00 zone as a sell area for another short based on my daily chart.

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

15GJ H & S formation??? — If the TL breaks than 76.8% 148.40 target

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

Wait for 1pm .. Anyway, trade your charts. I am still bearish

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

15TF GJ chart — The overall 15TF breached the TL and it holding below the yellow TL Good Luck

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

Margin Call Day

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

Wait for the FOMC wednesday.. kaboom video

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

Correction: Down step

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

For those following my setup, this was an easy 100 pips from the H & S formation ( 9 hrs posted) url

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