I dont see GJ coming up to 150 due to current weekly trend; 148 was max up possible JMO 150 and 154 are resistant areas

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

I wish the kaboom happen but there is a problem with geppy on daily which shows bullish signs: 1. 5ma crossed 10ma 2. price closed over 5ma 3. QQE bullish 4. RSI is over 50 so, it may happen that for few days geppy remain bullish and might be able ...

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

what reaction of geppy do you expect to the challenge of strong USD against Yen?

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

look at GU: GU moved in OPPOSITE direction to GJ and it seems that NFP did not play out with GU

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

it's up to you, I think geppy accomplished her way up at least for now but I might be wrong

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

yes, I believe so; next move down could meet 143-144 JMHO

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

I see 5 waves upmove accomplished, could you post your counts as wave 3, please?

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

and only on weekly GJ is still bearish until 163 is taken, we are still in 1000+pips range if next week will close 151 or higher then GJ might change direction to north

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

147 is a huge wall in front of bulls and I believe they would crack their horns by hitting it

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

it looks bear win — it looks that bears will take geppy in their mighty hands now

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

if geppy will not take 145.8 over then wave counts is not correct and we are still at wave 3

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

on 4h EW we are on wave 4, which might go down to anywhere between 143-145 and on weekly we are also did not accomplish wave 4 if geppy will reverse from 145 then upmove might be limited to 148-149 JMHO

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

as Q has mentioned already, geppy accomplished now wave 3 and is on the way of wave 4 on correction; then we might expect the final lag up to 149-150 before bears will resume

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

it's not right time to go south now; Q, Malc, Karmo as well as the others suggested to be patient till geppy will make her way more clear; I admit that current PA is not regular and 148-150 area become now more reasonable than few days ago; also EU ...

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

absolutely, end of the year will open bear market for 2010

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

according to my analysis the max top could be 147 because up move is limited with bearish weekly and monthly IMHO

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

$400/oz is very extreme, and we might not able to see that price for many years but I agree with you that we are pretty close to a huge upward move of dollar which of course will effect gold too

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

sorry to hear, take our condolences

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

let's see how price will be developed; currently on daily the kaboom is not confirmed yet according to auslanco system's on daily: 1. 50 pivot ma crossed over 200 pivot ma few days ago and still points up 2. qqe is still over 50 and have not crossed ...

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

your chart might be interpreted opposite to your kaboom's view for the valley 1.56 could mark the bottom of congestion area

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