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GBPJPY continuation

Bullish:  We are currently @ 150.44 in a range and just breaking the slope resistance from the down move.  We are looking for a move to the ATR Target @ 151.57 area. A further target is at 152.36 (former day top). Watch the USDX for any change in direction. The ATR for the pair currently is 115 pips per day. 

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This is what I see in the Forex the week of April 11th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: We are in a possible a-b-c- correction to start a 5th wave down.  The USD pairs should prove it out when the market opens.  The overall target is the Square Up @ 91.75.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower 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

AUDJPY continuation

Bearish:  We are currently @ 83.37 in a range.  IF we can break support here, are looking for a move to the ATR Target @ 82.89 area. A further target is at 82.63. Watch the USDX for any change in direction. The ATR for the pair currently is 74 pips per day. 

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USDCHF reversal

Bullish:  We are currently @ 0.9293 in a channel.  USDX is showing bullish signs and that should affect this pair.  IF we can break slope resistance here, are looking for a move to the ATR Target @ 0.9374 area.  Watch the USDX for any change in direction. The ATR for the pair currently is 65 pips per day. 

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GBPNZD channel opportunity

Bearish:  We are currently @ 1.9702 in a channel and possible 3rd wave.  IF we can break support here, are looking for a move to the ATR Target @ 1.9542 area.  Watch the USDX for any change in direction. The ATR for the pair currently is 151 pips per day. 

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EURAUD Breakout

Bearish:  We are currently @ 1.5418 just out of a triangle. We are looking for a move to the ATR Target @ 1.5365area.  Look for a possible continuation to the 1.5350.  Watch the USDX for any change in direction. The ATR for the pair currently is 95 pips per day. 

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This is what I see in the Forex the week of April 4th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: We are in a possible a-b-c- correction to start a 5th wave down.  The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week. 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

GBPUSD channel

Bullish:  We are currently @ 1.3787 in a channel. We are looking for a move to the ATR Target @ 1.3877area.  Look for a possible continuation to the 1.3900. Watch the USDX for any change in direction. The ATR for the pair currently is 97 pips per day. 

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