USD/JPY-Rising wedge should take it down

Bearish: Currently we are at 154.66` at a top and out of a rising wedge. We are looking to continue to the ATR target @ 154.00 with a further target the 0.618 Fibo @ 153.57. Watch the USDX for direction. The average daily true range (ATR) for the pair is 70 pips per day and it’s 90 day average is 110 pips per day. USDX is stationary but hinting reversal.

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NZD/JPY-Still pushing the down channel

Bearish: Currently we are at 91.07` in a channel. IF we can break slope support here, we are looking to continue to the ATR target @ 90.46 with a further target the Day chart bottom @ 90.11. Watch the USDX ...

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EUR/AUD–starting a new channel

Bullish: Currently we are at 1.6430 in a new channel. IF we can break the triangle resistance here, we are looking to continue to the ATR target @ 1.6502 with a further target the R4 @ 1.6600. Watch the USDX ...

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GBP/AUD–Continues the channel

Note: Unemployment claims was positive

Bearish: Currently we are at 1.9221 in a channel. IF we can break the support here, we are looking to continue to the ATR target @ 1.9150 with a further target the support @ 1.9112. ...

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GBP/JPY–race to the top

Bullish: Currently we are at 190.96 in a range. IF we can break the 1.000 Fibo resistance here, we are looking to continue to the ATR target @ 191.62. Watch the USDX for direction. The average daily true range (ATR) ...

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USD/JPY–looking for the turn

Note: Jolts this AM

Bearish: Currently we are at 151.65 in the top of the range. We have a quadruple top in place. IF we can break slope support here, we are looking to continue to the ATR target @ ...

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CHF/JPY–Can it break the triangle

Bearish: Currently we are at 167.85 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 167.12 with a further 2.618 Fibo target @ 166.54 area. Watch ...

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USD/JPY–Sym Triangle break next

Note: Pending Home Sales this AM

Bearish: Currently we are at 151.34 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 150.50 with a further 1.270 ...

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GBP/USD–back in the channel

Bearish: Currently we are at 1.2618 in a channel in a range. We are looking to continue to the ATR target @ 1.2560 with a further 1.618 Fibo target @ 1.2542 area. Watch the USDX for direction. The average daily ...

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GBP/AUD–Out of the pennant

Note: CB Consumer Confidence this AM

Bearish: Currently we are at 1.9312 out o the pennant in a range. We are looking to continue to the ATR target @ 1.9219 with a further 1.618 Fibo target @ 1.9182 area. Watch ...

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GBP/NZD –Set a new top

Bullish: currently we are at 2.1045 in a channel. We are looking to break slope resistance and continue to the ATR target @ 2.1100 with a further 1.618 Fibo target @ 2.1116 area. Watch the USDX for direction. The average ...

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EUR/JPY – double top in place

Bearish: Yesterday we looked for the bounce up and we got it. Today we are looking to start the journey down. We are currently @ 165.00 after putting in a double top with divergence in play. We are looking to ...

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