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Author: NULL

$GBPUSD- Ascending wedge

The cross (currently @ 1.6349) has built a wedge in the uptrend which is bullish for the cross. So far it has been unable to break though the R3 @ 1.6371.  If we break to the upside look for the 1.6386 Resistance and a move...

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$GBPUSD- Breakout Possibilities

The cross (currently @ 1.6318) has respected the uptrend but was unable to break though the channel top during the London session.  It is now flirting with the bottom of the trend line.  A breakdown targets the 1.6250...

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$USDJPY- Breakout

The cross has broken through the single line trend line to the upside and headed towards the R3 target @ 84.91. There is a 1.618 Fib Extension just above that target also.  A break here targets the top @ 85.53.  If we...

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$EURUSD- Breakout

The cross (currently @ 1.4495) has broken through the resistance (1.4477) to the upside and headed towards the R5 target @ 1.4621. There is not much to stop it in route to the confluence of a resistance the 2.618 Fib extension...

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$EURJPY- critical area

The cross has broken through the support to the downside and headed towards the S3 first target @ 121.89. Currently @ 122.13 as it nears the critical trend line.  Should it break down it should go to the 121.32 (.500 Fibo)...

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$USDCHF- Breakdown

The cross has broken through the trend line to the downside and taken out our first target (S4 @ 0.9108) after the breakdown.  Currently @ 0.9139.  Should go to the 0.9091 support as the next target.  The overall...

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$AUDUSD- still room

The cross has continued to take out our upper targets and now very close to the predictive top.  Currently @ 1.0498.  Should go to the 1.0519 target.  This is where we have the confluence of the R4 and the 2.618...

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$GBPUSD- correcting

The cross has taken out our upper targets and now correcting.  Currently breaking the support @ 1.6202.  Should go to the 1.6250 support.  Perhaps a stall there before resumption to the .3821 Fibo @ 1.6200 and the...

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$USDJPY- continuation

The cross has built a ascending wedge which is bullish for the cross.  Currently testing the R5 @ 84.57. A break to the upside targets the 85.00 area where we have confluence of two fibs .  A break here targets the...

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