EUR

Friday’s huge spike reversal closed with lower extreme tail at 1.4840 right at daily kumo upper band. Weekly closed right at previous modal high 1.4980  As long as eur trades above daily and weekly kumo, we are bullish bias. Last week’s huge up and down days proved to be overdone and didn’t reflect on weekly chart  which remained bullish. End of month factor atogether with unexpected Dubai incident made sit aside the best choice.

GBP

The sure target 1.6180  projected per 11/23 commentary almost got achieved last Friday. US Thanksgiving holiday and Dubai incident initiated the down flash in early trading. The spike reversal made at then end of the week did not gave us the same feeling like the Eur. As weekly closed as cross suggesting uncertainty. Sit tight with short with stop at 1.6820.. Shall move stop down aggressively after market returns to normal next week.

AUD

Aud flushed down inside daily kumo and closed barely above . Weekly pattern turned bearish .A deeper retracement may be in place prior to Dec’s RBA meeting. Daily kumo lower band at 0.8800 should be the absolute low. Be a bull again if aud retraces to 0.8890. If fill, stop at daily kumo lower band 0.8780.

JPY

Within 3 trading days, US dipped down 3.70 yen. The reversal on Friday end with lower extreme tail suggest only adjustment after deep downfall. Daily and weekly bearish pattern gave no sign of bottom. Sit tight with short, maintain stop at 88.60. We shall move stop down after the month is over.

CAD

Cad congested sideway seeking for direction. Sit tight with short with stop at 1.0790.

CHF

We projected that parity is a possible target as early as Sept. (pls refer to 09/14 and 09/21 commentary) US flushed down taking out parity at one point. Closing back merely suggest profit taking and not bottoming. Sit tight with short, with stop at 10260.

NZD

Our long position was stopped for a small loss. A tidy top was in place. Suggest to sit aside till the month is over and let market interpret Dubai’s incident on the FX market.

GBPJPY

Daily and weekly were in line traded below kumo. Trend is down. Sit tight with short with stop at 146.80..

EURJPY

Closing below weekly kumo will soon be materialize. The daily spike reversal failed to regain 130 level gave bulls no more illusion. Sit tight with short with atop at 132.10.

GOLD

Our newly added long position was stopped out for a small loss. Friday’s huge fluctuation showed no trace in weekly chart. The bullish undertone remained intact. Sit tight with the remaining long with stop at 1113.50.

SILVER

Last week’s volatility did not change silver’s bullish undertone. Sit tight with long with stop at 16.50.