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As we posted yesterday, we felt the GBPJPY was in for a big correction. It has since taken out the .500 Fibo and we have a nice bear flag forming on the 10 min. Target still remains the 143.20 area – but doubt it will make...

The GJ broke the wedge finally and has had a nice run away from it. Interim taget is close at 147.10 but we are looking for a larger run maybe to 143.10...

EURUSD is stuck in a big slightly descending range.. If it continues the pattern look for it to hit the trendwall and then go south in a meandering move to 1.4816. If it breaks out north , look for a double top at 1.5049 and a...

  EURUSD is testing support at 1.4850. Looking for a bounce here of up to 50 pips, but if it breaks it look for the S4 target at...

We have a nice target at 1.5050 and a bull flag to try and help it along. caution is to wait for the 1.500 break and then look for momentum to push...

We have a nice target at 1.5050 and a bull flag to try and help it along. caution is to wait for the 1.500 break and then look for momentum to push...

This is what I see in the Forex starting the week of Nov 15th – an OPINION ONLY: www.proacttraders.com I do these three currency pairs because they represent a cross section of the market as a whole – all matching up...

EURJPY took out the hard bottom but also broke the support so it could bounce or continue. Look for 132.03 on the low side or a bounce back to consolidation at...

GBP is testing the trendline bottom – dollar is being bought today so looking for a break.  If it does look for the 1.6465  S5 and...

Veterans day today so should be a slow trading day. EURUSD is approaching the Oct 25, 2009 high at 1.5060. Look for a pullback here. If it crosses the trendline, look to pullback to the support at...