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GBPJPY: Range trade?

Currently we are at 139.68 in a range. We are looking to continue to the ATR target @ 139.07. WATCH THE USDX for more clues. The ATR is 90 Pips per day.

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EURJPY: Finally break?

Currently we are at 120.25 in a channel. We broke out of the consolidation and we should hit the ATR target @ 119.64. The overall target is the 117.00 area. Watch the 119.28 area. WATCH THE USDX for more clues. The ATR is 66 Pips per day.

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This is what I see in the Forex the week of November 10th, 2019: USDX, EU,UJ,GU,AU

USDX: Bullish: We are anticipating the continuation of the up move and we have a long way to the top. We have convergence on the 60 min chart (see inset) which is bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week.

$EURUSD

What ProAct Traders See: Bearish: We are currently @ 1.1166 in a channel. We are looking to continue to the 0.786 Fibo @ 1.0943 and then to the Day chart support @ 1.0863. Watch the USDX for direction. The ATR for the pair currently is only 49 pips.

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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

Trade of the week

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EURAUD: Continuation

Currently we are at 1.6060 in a channel. We broke out of the symmetrical triangle and we should hit the ATR target @ 1.5991. Watch the 1.6000 area. WATCH THE USDX for more clues. The ATR is 72 Pips per day.

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GBPJPY: Range Breakout

Currently we are at 140.75 in a range. If we Break out we should hit the ATR target today @ 141.89. Watch the 141.49 area. WATCH THE USDX for more clues. The ATR is 117 Pips per day.

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EURJPY: Range Breakout

Bearish: Currently we are at 140.00 in a range. If we do hit the ATR target today @ 120.18 it will require the range breakout and would setup a stronger move to the downside to possible the 0.382 Fibo @ 119.23. WATCH THE USDX for more clues. The ATR is 66 Pips per day.

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GBPJPY: Triangle Breakout

Currently we are at 140.00 and looking to breakout of the symmetrical triangle. We are looking to continue to the ATR target @ 138.51 and then the 0.382 Fibo @137.28 which may complete an abc corrective pattern for a 5th wave up. WATCH THE USDX for more clues. The ATR is 149 Pips per day.

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This is what I see in the Forex the week of November 3rd, 2019: USDX, EU,UJ,GU,AU

USDX: Bearish to bullish: We are anticipating the continuation of the down move BUT we are close to the range bottom. We have divergence on the 60 min chart (see inset) which is potentially bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week – not surprising with FOMC and NFP in play.

USA reverts back for Daylight savings time – be aware!

$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

GBPJPY: Channel Breakout

Bearish: Currently we are at 140.29 and looking to breakout of the channel. We are looking to continue to the 0.786 Fibo @ 139.44 and then the ATR target @138.72. WATCH THE USDX for more clues. The ATR is 170 Pips per day.

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