A.M. Look 12/1/16

GBP/JPY...Daily..albeit the daily is getting overbought

this cross is spiking through its 200DMA and last qtr’s high.

143.25 needs to hold to keep the pattern intact.
2 yr Fib retracements do not appear until 151.66
Inline image 1

GBP/JPY..Qtrly

Inline image 2

Equity Indices look to be sloppy today with a close over 4821 Nasd needed to turn sentiment back up.

European debt instruments are being sold going into the weekend Italian referendum

pressing Draghi into a game of chicken. How much worthless garbage will the ECB buy?

I’m looking for Oil to trade another dollar higher.

Stock traders should focus on banks and energy names today.
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