EURJPY can it break the barrier

Bearish: We are currently @ 141.58 in a channel. We have convergence to the downside. IF we can break this support, we are looking for a continuation to the ATR target @ 140.77 area and then the S5 @ 140.47 area. Watch the USDX for any change in direction. The ATR for the pair currently is 187 pips per day and its 180 day average is 160 pips per day. USDX is currently up at the time of this post.

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GBPUSD breaks a big barrier

Bearish: We are currently @ 1.2158 in a channel and after breaking a significant support. We have convergence to the downside. We are looking for a continuation to the S4@ 1.2100 area and then the ATR target @ 1.2028 area. ...

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NZDJPY poised to continue the channel

Bearish: We are currently @ 85.43 after putting in a large a-b-c pattern. We have convergence to the downside. IF, we can break the slope support, we are looking for a continuation to the S4@ 84.24 area and then the ...

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GBPJPY starting a 3rd wave

Bearish: We are currently @ 165.99 after putting in a second corrective wave. We have convergence to the downside. We are looking for a continuation to the ATR target@ 163.45 area and then the S6@ 161.86 area. Watch the USDX ...

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USDJPY starting a downside channel

Bearish: We are currently @ 135.44 after putting in what appears to be a top. We have convergence to the downside. We are looking for a continuation to the ATR target@ 134.53 area and then the S4 @ 134.39 area. ...

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USDJPY starting a downside channel

Bearish: We are currently @ 135.44 after putting in what appears to be a top. We have convergence to the downside. We are looking for a continuation to the ATR target@ 134.53 area and then the S4 @ 134.39 area. ...

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GBPUSD 5th wave continuation

Bearish: We are currently @ 1.2244 near the top of a 5th wave. We are looking for a continuation to the ATR target@ 1.2113 area and then the S6 @ 1.2057 area. Watch the USDX for any change in direction. ...

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AUDJPY channel break

Bullish: We are currently @ 94.66 after a channel wall breakout. We are looking for a continuation to the ATR target@ 95.39 area and then the day char resistance @ 96.90 area. Watch the USDX for any change in direction. ...

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GBPUSD poised to continue the channel

Bullish: We are currently @ 1.2188 after a channel wall bounce. We are looking for a continuation to the ATR target@ 1.2323 area and then the 0.618 Fibo @ 1.2352 area. Watch the USDX for any change in direction. The ...

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EURJPY breakout opportunity

Bearish: We are currently @ 140.44 after a break out of the a-b-c corrective move. We are looking for a continuation to the ATR target@ 39.58 area and then the support @ 139.40 area. Watch the USDX for any change ...

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USDJPY topping out

Bearish: We are currently @ 134.47 after putting in a head and shoulders reversal pattern. IF we complete the neckline breakout, we are looking for a continuation to the ATR target@ 133.31 area and then the 0.382 Fibo @ 1131.82 ...

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GBPAUD Breakout opportunity

Bearish: We are currently @ 1.7460 in a range. IF we complete this breakout, we are looking for a continuation to the ATR target@ 1.7344 area and then the S6 @ 1.7238 area. Watch the USDX for any change in ...

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