However for times like these I bring out the heavy artillery.

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Hey Guys,

The GBP/JPY looks to be heading higher... At least in the short term. Price could be correcting in a fourth wave now before rallying again.

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hah, i am just coming back from a birthday.. half drunk. so cheers guys, patience, patience...

Similar to the GBP/JPY, the USD/JPY has unfolded in an impulsive form on the short term charts. As long as the next decline unfolds in a corrective wave, I'll be looking to buy somewhere near the center of the fourth wave triangle (~105.50).

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JUSTY I believe The impulsive count you show is wave "C" of a larger correction... I believe it will top out in the 106.70 to 107.85 range... Just high enough to fill in the last price gap before she turns lower again...

There is also a possibility that we see a whip in price back up to 109.00 ish to test previous wick highs before we drop.. I think it looks like a decent possibility too.. Be On the watch next week 109.00 would be a great short price..

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LMAO! Way to go guys!

I have the same count. You are both correct in that the next move is key. Is this market - USD - going higher? OR, is it going lower. Is this 5 indicative of an up move continuing OR the last C of the upward correction? I'm wondering that myself.

Hey Brad,
I was going to write the same thing to Justy but you beat me too the punch. Good eye! I didnt notice the Gap but we have the same count. Thanks for the heads up on the gap.

I think we're going to see the USD Dollar make one final attmept at a bullish rally early next week before she finally rolls over and takes a dive ...

I see a good opportunity for USDJPY to whip back up to 109.00 for an awesome short entry early next week.. I think that move will catch everyone off guard, all the Bulls will come piling in, then the Bears get to rob them blind !

I still think USDJPY could get back up to 109.00 early next week, especially if it closes this week above 106.50... Have to be very careful with this pair at the moment...

It's clear this fib level we're sitting on right now is causing a whipsaw price action..

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Concerning price action going forward into next week, I think we have a bounce upward coming in USDJPY... I believe there is a top at 109.17 that should not get penetrated..

I have short entry orders sitting at 108.90 with stops at 109.30

EURNZD looks like it's ready to break through a multi month up trend line on the Daily chart... Looks like I called the top in this pair the other day

First Target I see for this pair is the 161.8 Extension at 2.0166

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Wow!

I told you, guys, the other day, be veeery carefull with your short USD/JPY positions...
It was just too much noise everywhere. Yesterday, for instance, i saw 3 (!!) articles on my beloved online magazine, and all of them with top priority. The signal was very clear. Not an environment to enjoy the 3 of the 3 down. That should happen in the little, but other way... More or less enexpected for public, so to say. The noise should come after it happend. But utill now nothing special has yet happened.
But we are now as near as never before...
Hopefully, we will get some euphoric reports now, telling that the worst is over, the FED or Govrn. or Aliens from Mars have saved us from crash.
Then i would consider that this is the time to take the shorts

Otherwise, it'll still be quite risky...
But we could and should try our best.

I don't like this RSI trendline broken to the downside.

Even though it doesn't mean yet anything from the point of EWI, but i'm (as the biased GBP/USD bull) temporaly aside.

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USDJPY may have completed a correction on the Daily chart and moving toward a new high as Justy had mentioned... I'm really starting to get P'O'ed with this pair...

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