3 consecutive bearish market punctured retracement
GBP / USD
Strategy: wait and see
1.5205 short end. 1.5240 pounds to re-enter after the rise since expanded 1.4230, a potential bullish external morphology week (so far). Maintained at 1.5103 as long as the above, short for the higher risk, the pressure point to adjust the high of 1.5523 in April, after which will be formed at the top, back in August 2009 high of 1.7043 since the long-term decline. Below 1.5103 will indicate the completion of adjustment, then the risk will be returned to the level of 1.4781 bear trap, and the swing low of 1.4230; the latter will fall down in the next few weeks to speed up the psychological barrier of 1.4000 and the key level of 1.3502/1.3654. I need to see a close above the 1.5523 high to adjust to the prospect of so many months strengthened.
USD / JPY
Strategy: wait and see
Short end in 88.90. 3 consecutive bearish market punctured retracement, the dollar / yen continued to swing from a recent low of 86.97 shocks rose. Exchange rate fell below the key support level before 88.25, completed the bearish head and shoulders continue to form, the current rally can be seen as the shape of the normal adjustment. I expect the market will be blocked in the vicinity of 89.74, below 86.97 will continue after the 2007-2009 bear market, the initial point swing low of 84.84 last November. 89.47 soared to above is expected to form a trading range, and further rose to 92.88; I need to see again to make a firm 94.99 months outlook.
AUD / USD
Strategy: wait and see
Rebounded from the 0.8316 break for the first time since the puncture resistance of 0.8776, the Australian dollar rise further. Keeping a low of 0.8682 in the week under the current risk will be high retry 0.8858 rebound to close above that level would be expected to further upward gap and 0.9009 on the test week, or even the major swing high of 0.9406. However, below 0.8682 again will make the 0.8316 low pressure, below which would mean a bear market gathered momentum, the next few weeks will be the next attack swing low of 0.8067, and adjust the low of 0.7703.
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