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.

Wednesday, 11 September 2013

EURJPY

Have also posted a USDJPY update which you might want to read first. Price is still at the UTL of the 25 day and 50day regression channels with overbought momentum clusters, with the weekly FLD 'trough' glaring intently at that spike up. Price should be pulled down into in or towards it.
 Looks like a diagonal building; hoping its an ending! The 85.4% fib fans suggests a deeper target for a retracement or more if it keeps going.
 Notwithstanding the spike higher in Asian markets, 1-3day MyWave actually turned bearish inside the above diagonal, if it is one. A breach of the green daily FLD, should see the blue 2 day targeted if the 1day can hold. The daily bollingers are coming in for a pinch, so may be banking some shorts early if price can not push through the bottom band cleanly.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)