USD/JPY – Poised to fall

Bearish: We are currently @ 150.59 in a range. Lower highs suggest a move to the downside. IF we can break support here, we are looking to continue to the ATR target @ 149.90 with a further target the 1.000 Fibo @ 149.65 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips per day and it’s 90 day average is 124 pips per day. USDX is down.

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GBP/NZD – back in the channel

Bearish: We are currently @ 2.0422 outside a well built channel. Lower highs suggest a move back into the channel. IF we can break support here, we are looking to continue to the ATR target @ 2.0318 with a further ...

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USD/JPY – a-b-c sets up the next move

Note: FOMC minutes today

Bearish: We are currently @ 149.99 in a range. We have an a-b-c pullback and id we can break support here, we are looking to continue to the ATR target @ 149.20 with a further target ...

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GBP/USD – channel continuation

Bullish: We are currently @ 1.2628 in a range. If we get a small pullback and then can break resistance here, we are looking to continue to the ATR target @ 1.2667 with a further target the 1.270 Fibo @ ...

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GBP/USD – Range bounce

Bullish: We are currently @ 1.2566 in a range. If we can break slope resistance here, we are looking to continue to the ATR target @ 1.2622 with a further target the 2.618 Fibo @ 1.2641 area. Watch the USDX ...

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USD/JPY – up or down

Bearish: We are currently @ 150.57 in a rectangle pattern. Two scenarios: Bullish: a move to the upper day chart trend line @ 152.00 area). 2: Bearish: A break down here or the 149.57 area. Watch the USDX for direction. ...

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GBP/AUD – channel continuation

Bearish: We are currently @ 1.9341 in a channel in a range. We are looking for a continuation to the ATR target @ 1.9280 with the further target the 0.786 Fibo @ 1.9242 area. Watch the USDX for direction. The ...

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EUR/AUD – channel continuation

Bullish: We are currently @ 1.6502 in a channel. We are looking for a continuation to the ATR target @ 1.6567 with the further target the 0.618 Fibo @ 1.6578 area. Watch the USDX for direction. The average daily true ...

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EUR/JPY – support break could be nice

Bearish: We are currently @ 150.44 in a channel. If we can break support here, we are looking for a continuation to the ATR target @ 150.73 with the further target the S5 @ 150.09 area. Watch the USDX for ...

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EUR/JPY – sweet to the south

Note: Unemployment claims was negative

Bearish: We are currently @ 158.70 just above slope support. If we can break through the 1.000 Fibo support, we are looking for a continuation to the ATR target @ 158.00 with the further target ...

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USD/JPY – can’t break resistance

Note: FOMC is today

Bearish: We are currently @ 147.54 just above slope support. If we can break through the support here, we are looking for a continuation to the ATR target @ 146.74 with the further target the 1.270 ...

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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 ...

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