GBP/AUD – Range bottom up next

Note: CPI was negative today

Bearish: Forex Strategies: Currently we are at 1.9041 in a range. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 1.8982. There is a 0.618 Fibo @ 1.8951. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 96 pips per day and it’s 90 day average is 103 pips per day. My Forex Analysis says USDX is currently down.

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GBP/AUD – Will it breakout

Note: FED Chair Powell speaks today

Bearish: Forex Strategies: Currently we are at 1.8990 in a 5th wave in a channel. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 1.8319. ...

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GBP/JPY – Poised For The Fall

Note: FED Chair Powell speaks today

Bearish: Forex Strategies: Currently we are at 206.74 at a top with a head and Shoulder pattern. IF we can break the slope support, we are looking for a continuation to the ATR Target ...

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USD/JPY – Rising wedge should start it down

Note: ADP and Jolts today

Bearish: Forex Strategies: Currently we are at 161.90 in a rising wedge (bearish). IF we can break the wedge, we are looking for a continuation to the ATR Target @ 161.08. There is a 0.618 ...

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CHF/JPY – out of the triangle

Note: Jolts is today

Bearish: Forex Strategies: Currently we are at 178.71 out of the triangle. We are looking for a continuation to the ATR Target @ 177.93. There is a 1.270 Fibo further @ 177.87. We should see a ...

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GBP/NZD – Breaks the uptrend

Note: Pending home sales is today

Bearish: Forex Strategies: Currently we are at 2.0745 out of the channel. We are looking for a continuation to the ATR Target @ 2.0680. There is a 0.382 Fibo further @ 2.0646. We should ...

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GBP/NZD – continues to move up

Note: Pending home sales is today

Bullish: Forex Strategies: Currently we are at 2.0775 in a channel and 5th wave. We are looking for a continuation to the ATR Target @ 2.0830. There is a 1.618 Fibo slightly further @ ...

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USD/JPY- starting the move down

Note: CB Consumer confidence is today

Bearish: Forex Strategies: Currently we are at 159.46 in the top of a range. We are looking for a short pullback and then to the ATR Target @ 158.60. There is a bottom slightly ...

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GBP/JPY- Topping out

Bearish: Forex Strategies: Currently we are at 201.97 in the top of a range. We are looking for this to be the top and if we continue through here we will target the ATR Target @ 200.84 There is a ...

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GBP/JPY- Rising wedge or a channel

Bearish: Forex Strategies: Currently we are at 200.94 in the top of a range. WE have a possible rising wedge and if we continue through here we will target the ATR Target @ 199.50/ If this is a channel then ...

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USD/JPY- tri top and go

Bullish to bearish: Forex Strategies: Currently we are at 157.91 in the top of a range. We are looking for a triple top and the reverse to the 1.000 Fibo @ 157.47 area and then the ATR target @ 156.60 ...

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GBP/USD-back to the top

Bullish: Forex Strategies: Currently we are at 1.2686 in a range. We are looking to continue a C wave to the ATR target @ 1.2743 area and then the 1.000 Fibo @ @ 1.2760 area. We should see a reaction ...

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