Bullish: Currently we are @ 1.3227 and in a range and channel. We are looking for a continuation to the DAY top @ 1.3302 then a bounce back to the 0.214 Fibo @ 1.3219. The average daily true range (ATR) for the pair currently is 111 pips.
Bearish: Currently we are @ 0.7043 and in a range and channel. We are looking for a continuation to the 0.786 Fibo @ 0.6930 then a bounce @ 0.6900. The average daily true range (ATR) for the pair currently is 54 pips.
Bearish: Currently we are @ 129.47 and in a 3rd wave. We are looking for a continuation to the S5 @ 128.70 and then a bounce for a 4th wave up. The average daily true range (ATR) for the pair currently is 106 pips.
Bullish: Currently we are @ 1.6078 and back in the range. We are looking for a continuation to the 0.618 Fibo @ 1.6147. The average daily true range (ATR) for the pair currently is 108 pips.
Bearish: Currently we are @ 148.29 in a symmetrical triangle. We are looking for a continuation to the 0.382 Fibo @ 146.98 and then bouncing to the 150.77 area for a 5th wave. The average daily true range (ATR) for the pair currently is 135 pips.
USDX is still bearish but in a range. We have divergence so anticipating the down move on the USDX. We are looking for the continuation to the 95.500 area. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.
Bullish: Currently we are @ 1.8210. We are looking for a continuation to the 0.214 Fibo @ 1.8267 and then continuing to the 1.8300 area. The average daily true range (ATR) for the pair currently is 168 pips.
Bearish: Currently we are @ 0.7243. We are looking for a continuation to the 0.214 Fibo @ 0.8875 and then continuing to the former day chart bottom @ 0.7164 area. The average daily true range (ATR) for the pair currently is 57 pips.
Bearish: Currently we are @ 0.8951. We are looking for a continuation to the square up @ 0.8875 and then continuing to the 0.618 Fibo @ 0.8850 area. The average daily true range (ATR) for the pair currently is 61 pips.
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GBPUSD Continuation
Bullish: Currently we are @ 1.3227 and in a range and channel. We are looking for a continuation to the DAY top @ 1.3302 then a bounce back to the 0.214 Fibo @ 1.3219. The average daily true range (ATR) for the pair currently is 111 pips.