GBP/USD–back in the channel

Bearish: Currently we are at 1.2618 in a channel in a range. We are looking to continue to the ATR target @ 1.2560 with a further 1.618 Fibo target @ 1.2542 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 72 pips per day and it’s 90 day average is 85 pips per day. USDX is trying to go up.

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GBP/AUD–Out of the pennant

Note: CB Consumer Confidence this AM

Bearish: Currently we are at 1.9312 out o the pennant in a range. We are looking to continue to the ATR target @ 1.9219 with a further 1.618 Fibo target @ 1.9182 area. Watch ...

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GBP/NZD –Set a new top

Bullish: currently we are at 2.1045 in a channel. We are looking to break slope resistance and continue to the ATR target @ 2.1100 with a further 1.618 Fibo target @ 2.1116 area. Watch the USDX for direction. The average ...

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EUR/JPY – double top in place

Bearish: Yesterday we looked for the bounce up and we got it. Today we are looking to start the journey down. We are currently @ 165.00 after putting in a double top with divergence in play. We are looking to ...

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EUR/JPY – bounce opportunity

Note: FOMC today

Bullish: We are currently @ 164.45 in a channel after breaking out of the range. We are looking to bounce and continue the channel to the ATR target @ 165.18 with a further 1.618 Fibo target @ ...

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GBP/USD – Continues a third wave

Bearish: We are currently @ 1.2735 in a channel in a range. We are continuing a third wave and looking to continue the channel to the ATR target @ 1.2680 with a further S4 target @ 1.2663 area. Watch the ...

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GBP/USD – Starts a third wave

Bearish: We are currently @ 1.2794 in a channel in a range. We are starting a third wave and looking to continue the channel to the ATR target @ 1.2750 with a further 0.618 Fibo target @ 1.2719 area. Watch ...

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GBP/JPY – Third wave underway

Bullish: We are currently @ 189.37 in a channel in a range. We are looking to continue the channel to the ATR target @ 1190.12. There is a further 0.214 Fibo target @ 190.52 area. Watch the USDX for direction. ...

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EUR/AUD – take a ride down

Bearish: We are currently @ 1.6504 in a channel in a range. We are looking to continue the channel to the ATR target @ 1.6428. There is a further S5 target @ 1.6366 area. Watch the USDX for direction. The ...

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EUR/JPY – poised to finish the range

Bearish: We are currently @ 160.56 in a channel in a range. We are looking to continue the channel to the ATR target @ 159.80. There is a further day chart target @ 159.63 area. Watch the USDX for direction. ...

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EUR/JPY – Pullback to go again

Bearish: We are currently @ 162.70 in a range. We are looking to finish an ABC pattern and then the resumption to the ATR target @ 162.00. There is a further 1.000 Fibo target @ 161.77 area. Watch the USDX ...

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GBP/JPY – Swing trade on deck

Note: ISM today

Bearish: We are currently @ 190.49 in the very top of a range. We are looking for a swing trade with the first part to continue to the ATR target @ 190.00 with a further target the ...

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