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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.

Thursday 25 July 2013

USDJPY


So, if this is an 'e' leg in a triangle, the break of the ending diagonal and price above the FLD & Daily Pivot, should see a thrust up get going. That should be a 5th wave after a triangle (or 'c' depending on how it is counted) but regardless, up. I think the 102.44 Pyrapoint line looks a reasonable target. We seem to only be half way through the 25 day cycle here, so some time to build a tower I think.
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