On the 30 minute chart, GBP/JPY continues to ping off resistance and now looks to extend its next leg downward. Short entries in the 156.10-20 range are favored. Take profit: 155.10. Stop loss: 156.80.

On the 1 hour chart, after breaking through sustained support CAD/CHF has drifted back up into the 'sell zone' in the .7430 - .7440 range. Short entries are favorable only within this range ahead of the pair attempting a sustained…

On the 30 minute chart, USD/JPY has broken through previously established short term support before retracing higher back into the 114.30 zone. New short entries in the 114.25-30 range are favored with favorable room to run to the downside. Take…

On the 4 hour chart, GBP/NZD after initially dropping out an ascending wedge pattern is retracing into an attractive 'sell zone'in the .9380-9400 region. This level has converted from support to stiff resistance and offers a prime opportunity for new…