Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Friday, 8 February 2013

USDJPY: 12.21pm

Out of the yen pairs, the USDJPY looks like there is enough room in the SMI cluster to support a thrust down. price is below the daily and weekly trend lines (just) and the intraday wave looks poised to strike. See next chart.
The intraday My-Wave has already had to work hard to get here, so I'd prefer to see more rolling up the resitance line or a break and then roll up the underside. But with the SMi cluster in the last chart looking keen, this good burst through, so worth a heads up, me thinks.
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