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$EURUSD –Takes resistance out

Cross finally took out the strong resistance @ 1.3695 and is now squaring up for the run at the 1.3774.  Cross was detained from any follow through by the .618 retracement from the day chart.  It should find support...

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$EURJPY –Wedge

Cross is building a large wedge after a strong up trend.  This usually is bullish for the cross and we would expect a breakout to the north. We have tested this breakout multiple times without success.  Cross is...

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$EURUSD –starting the turn?

Cross is missed the 1.3695 three times yesterday so will consider that a sign of weakness. It has since pulled back to the channel line and bounced.  If the trend is your friend till it bends – it is bending. May see...

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$EURUSD –bull flag break?

Cross is approaching a critical bull flag breakout area at 1.3590 after bouncing on the .382 retracement.  A break here to the north targets the 1.3695 top.  Holding at this level keeps the interim bears intact and we...

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$GBPUSD setting up to go lower?

Cable is approaching a critical area at 1.5970.  A break here to the north would take at the bearish bias and targets the 1.6059 top.  Holding at this level keeps the bears in tact and we will look for a move back to...

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$EURJPY follow through?

Cross has found legs and now headed north.  A break of the 111.16 area should see follow through to the 111.66 Resistance.  There is a Fib extension at 111.57. We broke through the 3rd  resistance (R3) at 111.00...

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$USDJPY

USDJPY is approaching the bottom of the channel.  A bounce here targets a move back to the 82.98.  A break here targets the  81.98 (.618 fibo) and then the .786 fibo @ 81.52.  The 4th support (s4) is just...

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$USDJPY – breaks the wedge

USDJPY has broken out of the wedge and is approaching the .500 support and fibo.  Additionally we have a head and shoulders pattern confirming the bearish bias.  Short term target is the S3 also the .382 retracement @...

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