GBP/USD –Can it start the short

Note: Advance GDP this AM

Bearish: We are currently @ 1.2440 in a range and a breakout of slope support. IF we can break this support, we are looking for a continuation to the ATR target @ 1.2384 with a further target the 1.618 Fibo @ 1.2320 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 91 pips per day and it’s 180 day average is 110 pips per day. USDX is currently moving up but most likely in a pullback.

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USD/JPY –Range breakout

Note: CB Consumer confidence this AM

Bearish: We are currently @ 124.01 in a range and a breakout of slope support. IF we can break this range bottom, we are looking for a continuation to the ATR target @ 133.07 ...

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AUD/JPY –will the channel continue

Bearish: We are currently @ 89.91 in a range and a channel. IF we can break this resistance, we are looking for a continuation to the ATR target @ 90.57 with a further target the 0.214 Fibo @ 90.93 area. ...

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GBP/USD –Triangle opportunity down

Note: Unemployment claims was negative

Bearish: We are currently @ 1.2442 in a range and a triangle. IF we can break this support, we are looking for a continuation to the ATR target @ 1.2348 with a further target the ...

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EUR/NZD –Range opportunity down

Bearish: We are currently @ 1.7635 in a range. IF we can break this support, we are looking for a continuation to the ATR target @ 1.7513 with a further target the range bottom @ 1.7450 area. Watch the USDX ...

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GBP/AUD –trying a 3rd wave

Bearish: We are currently @ 1.8457 in a range and a channel. IF we can break this support, we are looking for a continuation to the ATR target @ 1.8310 with a further target the 1.000 Fibo @ 1.8270. Watch ...

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EUR/AUD – Will it break

Bearish: We are currently @ 1.6365 in a range and the top looks like it is in. IF we can break this support, we are looking for a continuation to the ATR target @ 1.5239 with a further target the ...

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USD/JPY – Makes the turn

Bearish: We are currently @ 132.94 in a range and the top looks like it is in. IF we can break this support, we are looking for a continuation to the 1.000 Fibo @ 132.12 with a further target the ...

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EUR/JPY – topping out

Note: FOMC minutes later today

Bearish: We are currently @ 145.84 in a range in a breakout. We are looking for a continuation to the 0.618 Fibo @ 144.97 with a further target the ATR target @ 144.34. We have ...

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GBP/JPY – Breakout should continue

Bearish: We are currently @ 165.48 in a range in a breakout. We are looking for a continuation to the 0.500 Fibo @ 164.60 with a further target the ATR target @ 163.63. We have convergence in play for the ...

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GBP/USD – Channel continuation

Bearish: We are currently @ 1.2373 in a channel. We are looking for a short pullback and then a continuation to the ATR target @ 1.2323 with a further target at the S4 @ 1.2292. We have convergence in play ...

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GBP/USD – Wedge break out

Bearish: We are currently @ 1.2463 in a wedge pattern. If we can break slope support here, we are looking for a continuation to the 1.000 Fibo @ 1.2394 with a further target at the ATR Target @ 1.2362. We ...

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