EUR/JPY –Might break the range

Bearish: We are currently @ 156.96 in a channel in a range. WE have a gap that has not been filled ( only filled 78% of the time). IF we can break support here , we are looking for a continuation to the ATR Target @ 156.60 with the further target for today the 1.000 Fibo @155.91. Watch the USDX for direction. The average daily true range (ATR) for the pair is 110 pips per day and it’s 90 day average is 122 pips per day. USDX is currently moving down.

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GBP/JPY –Pushing down now

Note: ISM Service PMI is this AM!

Bearish: We are currently @ 184.85 after a corrective move. IF we can break support here , we are looking for a continuation to the ATR Target @ 184.17 with the further target ...

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EUR/JPY –Corrective move looks over

Bearish: We are currently @ 158.07 after a corrective move. IF we can break support here , we are looking for a continuation to the ATR Target @ 157.30 with the further target @156.74. Watch the USDX for direction. The ...

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GBP/NZD –Support Break Looks Good

Note: ADP was negative!

Bearish: We are currently @ 2.1217 after a nice pullback. IF we can break support here , we are looking for a continuation to the ATR Target @ 2.1133 with the further target the 2.1100. Watch ...

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GBP/AUD –Breakout Opportunity

Note: Consumer Confidence and Jolts this AM!

Bullish: We are currently @ 1.9621 after a hard bounce. IF we can get the breakout of the slope resistance here , we are looking for a continuation to the ATR Target @ ...

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EUR/AUD –channel continues

Note: ADP and NFP this Week!

Bearish: We are currently @ 1.6824 in a 3rd wave in a channel. IF we can get the breakout of the slope support here , we are looking for a continuation to the ATR ...

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GBP/JPY – likes this channel

Note: Unemployment claims was positive

Bearish: We are currently @ 184.44 in a channel. IF we can get the breakout of the slope support here , we are looking for a continuation to the ATR Target @ 183.37 with the ...

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GBP/USD – coming off the range top

Bearish: We are currently @ 1.2746 in a range. The breakout of the slope support here is significant. We are looking for a continuation to the 1.618 Fibo @ 1.2703 with the further target the 1.000 Fibo/ATR target @ 1.2665. ...

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USD/JPY –Double top or continuation

Bullish to Bearish: We are currently @ 146.03 in a channel. We have convergence in play. If we can push through a double top here we are looking for a continuation to the 1.618 Fibo @ 147.28. A double top ...

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EUR/JPY –Triple top in place

Bearish: We are currently @ 1158.98 in a possible start of a rune to the bottom. We have divergence in play. If we can push through slope support here we are looking for a continuation to the ATR target @ ...

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GBP/USD –might start a 3rd wave

Note: FOMC today

Bearish: We are currently @ 1.2734 in a possible start of a 3rd wave in a channel. If we can push through slope support here we are looking for a continuation to the ATR target @ 1.2600 ...

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USD/JPY –still in a 3rd wave

Note: Core Retail Sales was positive

Bullish: We are currently @ 145.67 in a 3rdvwave in a BIG channel. If we can push through resistance here we are looking for a continuation to the ATR target @ 147.20 with the ...

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