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We where fooled by last Monday's reversal and last Thursday's uncertainty pattern. Daily closed marginally below kumo and weekly close above respective kumo. 01/17's commentary may come true. We went short prematurely and got stopped out and we made the same mistake again in the middle of the week. Keep strict stop at 1.3650 for the short position. What had been pointed out per 01/17 commentary may materialized if market closes above respective kumo consecutively.


GBP
As expected, daily kumo was also taken out. Daily and weekly chart closed above respective kumo consecutively confirmed that bearish trend is over. We were long at 1.5850; sit tight with stop at 1.5710.


AUD
Last week's attempt to challenge parity was again short-lived. By the same token, daily kumo's support was also unquestionable. Market is going to consolidate between parity and daily kumo seeking for direction. Sit tight with long with stop at 0.9790.


JPY
Daily chart congested inside thick daily kumo and weekly pattern could not give any clear direction made trading impossible. Suggest sitting aside.


CAD
Last Friday's bearish US close was not agreed by weekly pattern. Bulls and bears are having a tug-of-war along parity. Sit tight with short and maintained strict stop at 1.0040. Either side if win can easily push the market to move over 200 pips.


CHF
Bears took over control again. 01/12's modal point 0.9730 shall be the short term high. Sell on rally is the only choice. Build short at 0.9700. If fill, stop at 0.9750.


NZD
Daily dipped and closed below previous modal platform at 0.7570 agreeing with weekly bearish pattern stopped out our long position at 0.7540. If market close below daily kumo consecutively, we will be a committed bear.


GBPJPY
Daily closed clearly above kumo making weekly kumo lower band 135.80 our immediate target. Buy on dip is the only choice. Build long at previous modal platform 131.40. If fill, stop at 130.50.


EURJPY
Consecutively close above daily kumo made us bullish again. Immediate target weekly kumo lower band at 114.50. Build long at 111.60. If filled, stop at 110.50.


GOLD
When trend change, follow the trend. The months long bullish trend has come to an end. Not until a clear bottom formation is seen, refrain to pick bottom. What goes up , must go down. Sell on rally, daily kumo can serve as the stop.


SILVER
Chart turned impossible. Daily kumo lower band 26.60 will be the last support. Closing below will trigger a sizable collapse. We were short, sit tight with stop at 30.60.

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