GBPJPY Breakout?

Bullish maybe: We are currently @1.2932 in a nice channel. We are poised for a breakout (although we could have one more move to the day chart bottom @ 134.95). We are looking for a continuation to the ATR target @ 137.00 if we get the Breakout. COT reports major longs on all GBP pairs. Watch the USDX for direction. The ATR for the pair currently is 150 pips per day.


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This is what I see in the Forex the week of September 6th, 2020: USDX, EU,UJ,GU,AU

This is what I see in the Forex the week of September 6th, 2020: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$ #Proacttraders #FX


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GBPUSD continuation

Bearish: We are currently @1.2932 in a nice channel. We are looking for a continuation to the ATR target @ 1.2869 and later to the day chart bottom @ 1.2812. Watch the USDX for direction. The ATR for the pair ...

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EURUSD Breakout

Bullish: We are currently @1.1775 trying to break out of the channel. We are looking for a continuation to the ATR target @ 1.1866 IF we break the channel. Watch the USDX for direction. The ATR for the pair currently ...

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This is what I see in the Forex the week of September 6th, 2020: USDX, EU,UJ,GU,AU

This is what I see in the Forex the week of September 6th, 2020: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$ #Proacttraders #FX

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GBPNZD continuation

Bearish: We are currently @1.9716 in a flag pattern which is a continuation pattern. We are looking for a continuation to the ATR target @ 1.9560 IF we break the flag. Watch the USDX for direction. The ATR for the ...

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EURJPY range opportunity

Bearish: We are currently @125.95 after the rising wedge breakout. We are looking for a continuation to the ATR target @ 125.27 and then later to the range bottom @ 124.31. Watch the USDX for direction. The ATR for the ...

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EURAUD reversing

Bullish: We are currently @1.6217 in a possible reversal. We are looking for a continuation to the ATR target @ 1.6277 and then later to the 0.618 Fibo @ 1.6362. Watch the USDX for direction. The ATR for the pair ...

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GBPJPY channel Trade

Bullish: We are currently @141.17 in a channel. We are looking for a continuation to the ATR target @ 142.00 and then later to the channel top. This could be the last bullish move since we have possible divergence starting. ...

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GBPUSD Range Trade

Bearish: We are currently @1.3145 in a tight range. We are looking for a continuation to the ATR target @ 1.3042. USDX is headed up so watch for this one. Watch the USDX for direction. The ATR for the pair ...

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AUDUSD Range Trade

Bullish: We are currently @ 0.7173 in a tight range. We are looking for a continuation to the ATR target @ 0.7229 and then the top @ 0.7250-76. Watch the USDX for direction. The ATR for the pair currently is ...

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GBPUSD continuation

Bullish: We are currently @ 1.3124. We are looking for a continuation to the ATR target @ 1.3200 and the triple top @ 1.3256. Watch the USDX for direction. The ATR for the pair currently is 115 pips per day.


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Great weekly analysis, very useful and educational.
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