EURJPY

Still needs a little push to get over earlier posted resistance and that should get us into the 133.00 area where the next line of defence for the move down is lined up. The green dashed lines mark out the 85.4% fibfans of the hi to low through the move down and these situate at the FLD peak that I have been working to since Friday. That is also R2 today and the top of my Price Envelope. It is fair to say that this whole move up off the bottom feels and looks like a 'b' wave and as posited over the weekend, is the first count to run with. But it would probably catch a few shorters short, if this just kept building and building and that daily triangle break just keeps sticking around. Recall from the weekend report that the 25day cycle low, inside the new 100 day cycle is assumed to now be in! Either way, I am long above the Daily Pivot Range and flat beneath it.