USDJPY Decision time

Waiting: We are currently @ 128.20 in a channel up but also in a sideways move. Two scenarios: 1: Bullish: a move to the resistance near 129.50 and possible continuation to the ATR targets @ 129.67. 2: Bearish: A break down here would set up the move to the ATR target @ 127.45. Watch the USDX for any change in direction. The ATR for the pair currently is 114 pips per day and its 180 day average is 99 pips per day. USDX is currently up but could be topping out at the time of this post.

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USDJPY Break Down

Bearish: We are currently @ 128.12. We are looking for a move to the ATR target @ 126.74 area with a further target just above the 126.00. Watch the USDX for any change in direction. The ATR for the pair ...

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AUDJPY reversing

Bearish: We are currently @ 95.09. We have the first sign of the start of a new channel short. We are looking for a move to the ATR target @ 94.06 area. Watch the USDX for any change in direction. ...

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AUDUSD Falling Wedge opportunity

Bullish: We are currently @ 0.7366. We have the first sign of a breakout up out of the Falling wedge. We are looking for a move to the ATR target @ 0.7481 area. Watch the USDX for any change in ...

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GBPUSD breakout opportunity

Bullish: We are currently @ 1.3042. We have the first sign of a breakout up. IF we can break the 1.3080 resistance, we are looking for a move to the ATR target @ 1.3145-3150 area. Watch the USDX for any ...

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GBPJPY trying to break down

Bearish: We are currently @ 164.46 at the top of the range. We have divergence for the short. IF we can break the 164.29 support, we are looking for an initial move to the former day chart top @ 163.74 ...

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GBPCHF Poised to start up

Bullish: We are currently @ 1.2148 after a bounce on the bottom of the range. We are looking for an initial move to the ATR target @ 1.2207 area and then the 0.618 Fibo @ 1.2218. Watch the USDX for ...

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GBPUSD bouncing off the range

Bullish: We are currently @ 1.3025 in a range with multiple attempts to break the bottom. We have a falling wedge which is bullish so we are looking for an initial move to the ATR target @ 1.3112 area and ...

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GBPCHF continuing the channel

Bearish: We are currently @ 1.2163 in a channel after making the turn. We are looking for an initial move to the Day chart support @ 1.2119 area and then the ATR Target @ 1.2064. Watch the USDX for any ...

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EURNZD continuing the channel

Bullish: We are currently @ 1.5826 in a channel. We are looking for an initial move to the ATR target @ 1.5902 area and then the 0.214 Fibo @ 1.5975. Watch the USDX for any change in direction. The ATR ...

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EURJPY Trend Breakout

Bullish: We are currently @ 135.34 in a channel after the trend breakout. We are looking for an initial move to the ATR target @ 136.30 area and then the 0.214 Fibo @ 136.84. Watch the USDX for any change ...

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USDJPY trying to go to the top

Bullish: We are currently @ 122.99 in a channel after consolidation. We are looking for an initial move to the ATR target @ 124.15 area and then the R7 @ 124.52. Watch the USDX for any change in direction. The ...

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