GBP/NZD – Working a nice channel

Bearish: We are currently @ 2.0764 just above support. If we can break through the support here, we are looking for a continuation to the ATR target @ 2.0700 with the further target the 2.618 Fibo @ 2.0654 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 141 pips per day and it’s 90 day average is 145 pips per day. USDX is up.

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USD/JPY – Wave 3 on deck

Bearish: We are currently @ 147.50 just above support. If we can break through the support here, we are looking for a continuation to the S4/ATR target @ 1146.50 with the further target the 0.500 Fibo@ 146.00 area. Watch the ...

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GBP/AUD – Testing the channel

Bearish: We are currently @ 1.9285 just above slope support. If we can break through the support here, we are looking for a continuation to the 0.270 Fibo/ATR target @ 1.9227 with the further target the 1/618 Fibo/S4 @ 1.9188 ...

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GBP/USD – moving south

Bearish: We are currently @ 1.2712 after taking out slope support. If we can break through the support here, we are looking for a continuation to the 0.500 Fibo @ 1.2665 with the further target the ATR target @ 1.2627 ...

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USD/JPY – making the turn

Bearish: We are currently @ 147.82 after taking out the range top. If we can break through support here, we are looking for a continuation to the ATR target @ 145.76 with the further target the 0.618 Fibo @ 145.54 ...

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EUR/JPY – Reversal time

Bearish: We are currently @ 160.99 after putting in a 5 wave pattern up. WE have a rising wedge which is bearish. If we can get break here, we are looking for a continuation to the ATR target @ 160.03 ...

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GBP/USD – Can we continue the channel

Bearish: We are currently @ 1.2652, in a channel to the downside. If we can get a small pullback, we are looking for a continuation to the ATR target @ 1.2606 with the further target the S4/1.000 Fibo @ 1.2550-62 ...

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EUR/NZD – starting a nice move down

Bearish: We are currently @ 1.7661, in the start of a possible channel to the downside. If we can get a small pullback, we are looking for a continuation to the ATR target @ 1.7594 with the further target the ...

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GBP/USD – Range breakout

Note: Unemployment claims and CPI were positive

Bearish: We are currently @ 1.2730 in a range. If we can get a small pullback, we are looking for a continuation to the ATR target @ 1.2694 with the further target the ...

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AUD/USD – the channel holds

Bullish: We are currently @ 0.6699 in a channel in a range. If we can break here, we are looking for a continuation to the ATR target @ 0.6650 with the further target the 1.618 Fibo @ 0.6620 area. Watch ...

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GBP/USD – breakout down

Bearish: We are currently @ 1.2723 in a range. If we can break here, we are looking for a continuation to the 1.000 Fibo/ATR target @ 1.2670 with the further target the 1.270 Fibo @ 1.2644 area. Watch the USDX ...

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GBP/AUD – still climbing

Bullish: We are currently @ 1.9014 in a nice channel and a possible 5th wave. If we can break here, we are looking for a continuation to the 1.000 Fibo @ 1.9070 with the further target the 1.270 Fibo @ ...

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