GBP/JPY – breakout to the bottom

Note: Last post this year for me

Bearish: We are currently @ 180.44 in a sideways move (bearish), in a range. If we can break here, we are looking for a continuation to the ATR target @ 179.00 with the further target the S6 @ 178.50 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 237 pips per day and it’s 90 day average is 148 pips per day. USDX is threatening down

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EUR/JPY – continuation opportunity

Note: CB Consumer Confidence today

Bearish: We are currently @ 157.14 bouncing in a channel, in a range. If we can break 157.00, we are looking for a continuation to the ATR target @ 1156.23 with the further target the ...

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GBP/AUD – bounce opportunity

Bullish: We are currently @ 1.8901 bouncing off the bottom, in a range. If we can break 1.8900, we are looking for a continuation to the ATR target @ 1.9022 with the further target the 0.500 Fibo @ 1.9055 area. ...

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AUD/JPY – can it break up

Bullish: We are currently @ 95.11 in a pennant, in a range. IF we can breakout we are looking for a continuation to the ATR target @ 95.77with the further target the 1.270 Fibo @ 96.00 area. Watch the USDX ...

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GBP/USD – back to the top

Bullish: We are currently @ 1.2582 after breaking slope resistance in a range. We are looking for a continuation to the ATR target @ 1.2628 with the further target the 0.382 Fibo @ 1.2639-55 area. Watch the USDX for direction. ...

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EUR/NZD – bounced off the bottom

Note: FOMC this week

Bullish: We are currently @ 1.7610 breaking slope resistance in a range. We have a triple bottom in place and are looking for a continuation to the ATR target @ 1.7710 with the further target the ...

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GBP/USD – Breakout

Bullish: We are currently @ 1.2583 breaking slope resistance in a range. We are looking for a continuation to the ATR target @ 1.2631 with the further target the 2.618 Fibo @ 1.2671 area. Watch the USDX for direction. The ...

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USD/JPY – triangle breakout

Bearish: We are currently @ 147.06 breaking a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 146.18 with the further target the 0.618 Fibo @ 146.07-0 area. ...

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GBP/USD – nice channel in a range

Note: ISM and Jolts today

Bearish: We are currently @ 1.2631 in a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 1.2541 with the further target the ...

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GBP/USD – 3rd wave on the horizon

Bearish: We are currently @ 1.2664 in a new channel after putting in a double top. We are looking for a 3rd wave continuation to the ATR target @ 1.2620 with the further target for today the S3 @ 1.2592. ...

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AUD/JPY – Triangle says down

Bearish: We are currently @ 98.18 in a triangle after putting in a double top. We are looking for a continuation to the ATR target @ 97.60 with the further target for today the 1.618 Fibo @ 97.35 area. Watch ...

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GBP/JPY – 3rd wave starting

Bearish: We are currently @ 187.91 in the top of the range with a 1-2 wave in place. We are looking for a 3rd wave continuation to the ATR target @ 187.05 with the further target for today the 1.618 ...

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