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GBPJPY: Triangle break?

Bullish: Currently we are at 143.14 out of a Symmetrical triangle. We are looking for the continuation UP to the ATR target @ 143.80 and then the Day Resistance @ 143.86. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 95 pips. WATCH THE USDX for more clues.

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GBPNZD: Triangle break?

Bullish: Currently we are at 2.0077 in a Symmetrical triangle. IF we can break out we are looking for the continuation UP to the ATR target @ 2.0181 and then the range top this week @ 2.0330. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 161 pips and its weekly ATR is 400 pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of December 8th, 2019: USDX, EU,UJ,GU,AU

USDX: Bullish: We are anticipating the continuation of dollar strength due to Non-farm Payroll numbers. We have convergence on the 60 min chart (see inset) which is bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

GBPJPY: channel continuation?

Bullish: Currently we are at 142.92 in a channel. We are looking for the continuation UP to the ATR target @ 143.62 and then the day top # 143.86. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 102 pips. WATCH THE USDX for more clues.

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EURJPY: channel continuation?

Bullish: Currently we are at 120.52 in a channel. We are looking for the continuation UP to the ATR target @ 120.92. Watch for the possibility of a continuation to the resistance @ 121.50. The average daily true range (ATR) for the pair currently is 56 pips. WATCH THE USDX for more clues.

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GBPNZD: pullback?

Bullish to Bearish: Currently we are at 1.9956 in a rang. We are looking for the continuation UP to the channel wall before a reversal there @ 2.0079. Watch for the possibility of a continuation to the range top or the break down there. The average daily true range (ATR) for the pair currently is 170 pips. WATCH THE USDX for more clues.

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GBPJPY: Flag Breakout?

Bearish: Currently we are at 141.64 in a range and in a bullish flag pattern. We are looking for the breakout to the 1.270 Fibo @ 142.58. Watch for the continuation to the day chart top @ 143.79. The average daily true range (ATR) for the pair currently is 94 pips with a 180-day ATR of 114 Pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of December 1st, 2019: USDX, EU,UJ,GU,AU

USDX: Bearish: We are anticipating the breakout of the up channel and we have a long way to the bottom. We have convergence on the 60 min chart (see inset) which is bearish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week-should rise now that the USA holiday is over. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

Image(s): 
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

AUDJPY: Triangle Breakout?

Bearish: Currently we are at 73.90 in a range and in a triangle. We are looking for the breakout short to the ATR target @ 73.24. Watch for the bounce on the range bottom @ 73.34. The average daily true range (ATR) for the pair currently is 62 pips with a 180-day ATR of 63 Pips. WATCH THE USDX for more clues.

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