GBP/USD ; CORECTION WAVE

  S1  1.48671                          R1 1.55840          Current rate –1.4915   –0.0161(-1.07%) GBP/USD is headed lower, then it probably heads lower now (underside of recent support line).” GBP/USD headed lower and begins December at support from a parallel. A bigger rebound is … More GBP/USD ; CORECTION WAVE

USD/JPY ; H4

  Current rate – 123.382             S1 – 121.030                     R1 – 123.382 The USD/JPY breakout has stalled at former support (the line that extends off of the early 2015 lows). The rally from the August low also consists of 2 … More USD/JPY ; H4

AUD/USD ; DAILY

  Current rate – 0.72884                S1 –  0.70673              R1 – 0.73342 The Australian Dollar continues to oscillate in a now-familiar range below the 0.73 figure against its US counterpart after the RBA policy announcement failed to inspire volatility. Taking the longer view, … More AUD/USD ; DAILY