GBP/JPY TRADE CALL FOLLOW UP UPDATE
18 May 2012

GBP/JPY
Yesterday was pushed under 1.2580 now resistance, as we mentioned we are bearish on the pair until they reach 122.000 area, it now at 124.93 and as low as 124.65, The bearish Gartley on the daily chart still in charge and working very nice to the downside, next are to watch is 124.03 then after is 122.65. 3 charts attached , daily weekly and monthly.

AUD/USD TRADE CALL FOLLOW UP UPDATE
18 May 2012

AUD/USD
Our last update for the Aussie we mentioned the area of 0.9802- 0.9770 it is monthly support and very strong, well the currency went down to 0.9795 and bounced back up from there, it is at 0.9844 as of this writing and as high as 0.9894 for the day. 100 pips bounce from monthly support line. One of our previous analysis we mentioned 0.9902 must be broken to go down, it is resistance now ( as high as 0.9894 ) it make sense to look for something at this area and it did, now down to 0.9825 as of this writing. we still have to face 0.9771, if we break it we look for 0.9636 next on line.3charts attached monthly, weekly and daily.



