I believe, looking at the Daily RSI, that we are still in the Uptrend in this pair. Possibly, once RSI gets to 50, we'll really see how the danglelang swangs. 137, 146 Have a great weekend guyzzzzz

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

Going to Fib 3? Looks like everything's set up for 140.!!!

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

Hey, thanks for the info, there Stan. And you 2, Mr. G.

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

Broke through support, still on its way down, probally to next support- at least.

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

Past — I remember when I first came onto this site, my comments ran like a waterfall, until I got jumped by some seniors(heck, even traders newer than me). It was indeed, a good lesson. I sat back and read, analyized others trades and ...

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

143.39 is next support to crumble.....one support to crumble at a time, baby

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

Down — I believe Mr. Sorros has thrown his prediction into motion about the devaluation of the Pound. Big wallet dropping it like a rock!!!

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

Maybe to here(line 2?)

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

Is yellow dotted line indication of down, or just retrace?

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

Time — May wait until UK elections to fall. First of next month, is it?

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

Hit resistance on the uptrend, for continuation of retrace?

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

Looks like a 2 month old bear fakeout to me?

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

Weekly RSI has breeched 50 for the first time since the middle of March-when it went right back under. I believe the bull was just sharpening it's horns. Plus the gap isn't completely closed until it hits under 143.75.

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

Retrace — Touched next resist., high RSI. Bit of drop coming, I believe.

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

Alternative view — 4 hr rsi shows oversold and daily is below 50 and wavering. I see i fall myself.

Cable Update (GBPUSD)

Economics — Producing nation: Weak currency-good for economy(more others will buy) Consuming nation: Strong dollarpound-eh-what can you do.

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

GBP/JPY — 50/50 on Daily RSI. Put my 2 lots in for short. 138.75 sl. Least won't lose too much if wrong

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

Limit — Not too much of a hardball..........got my 100 pips and now going to bed.........good night and GOD bless......don't follow my advise..for your own sake..........Oi oI!!

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

Follow the locals — I'm gonna take a que from a Bloomberg Article that said Japanese housewives were taking their money out of the local ecomony and putting it into other countries.

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