USD/JPY has achieved its minimum target of a new high above 98.65 so I have taken half profits here at 98.73 (+168 pips).  

The FOMC Minutes release caused a flurry of activity in all markets with the US$ gaining strength and equity markets whipsawing down - up - down. Where to from here... Well, the weekend update I posted provided a nice roadmap for the SPX which has held true (4th wave chop zone) and my 1632 gap […]

Long USD/JPY here... I've seen enough for the count to be complete. Long against the primary swing low of 95.80 - I will add on confirmation of an impulsive move higher... Anatomy of a 5 wave impulsive decline for wave C down...  

Below are a couple of potential trade setups I will be watching for in the near term... As suspected in yesterday's update, the marginal new high in the Aussie$ was a sucker play wave B. Wave C of 2 has now reached its minimum objective of a low under 0.9060 for an expanded flat correction. […]

No real change from my last update as US equities continue to stair step lower as expected and the US$ remains at a critical juncture without yet showing its hand. PM's have continued higher but the Aussie$ is struggling to make new highs here. I thought I'd update my AUD/USD chart as the recent rise […]