Wow! Such 'steely' strength by EA ccys. Unsustainable such strength. The euro will recover all these losses.

$JPY should rise strongly. (Means Yen is weakening)
GBP$ should rise to about 1.5400 level before turning down strongly. (Means you expect the pound to pull back (strengthen))

If the above two hold, then

GBPJPY should rise and not drop.

Am long $JPY at 119.80 SL 119.27; Long GBPJPY at 179.13 SL 178.81; Long GBP$ at 1.4923 SL 1.4910. Have a good start to the week guys.

As stated earlier in above post and chart, I expect gold to fall strongly in a third wave. Below is the 15 min chart. Wave 'i' appears to be in place. Next week I expect a correction to 1213.83 levels before the sharp drop starts. We will review if gold exceeds 1220.15. Gdday

NB: Basically, if we go short gold next week we put our SL at 1220.15.

$JPY. A five wave move comprising wave [A] is complete. Next, we expect a three wave corrective process i.e a very large drop in the pair. Detailed analytics coming.

Quite a rare pattern this. The (i)(ii)(iii)(iv)(v) wave pattern is called an expanding leading diagonal. It suggests a very prolonged third wave down for $JPY. However, first the corrective process.

Wave [i] is complete at 118.30 level. We expect a three wave move (a) (b) (c) and as suggested by wave (a) it is likely to be an expanded flat (another evidence for a prolonged drop in $JPY).

So, be on the lookout to take advantage of the (c) wave up (shld reach 121.20s). When (c) completes you turn bear and ride the third wave down (an Elliottician's dream)!

I hereby reverse my earlier sentiments on USD weakening, looking at the charts seems like the dollar strength will still continue. In the coming weeks I will be long the dollar against Pound, CHF, YEN etc

I am looking for gold to fall sharply below $1161 within today and tomorrow.

Now @ 130s still got miles to cover to the north.