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.

Tuesday, 10 September 2013

EURJPY

Well, no let up thus far but volume has been falling into this run up. Price has reached the 132.98 Harmonic Octave from the 2012 Hi/Lo Gann Grid and momentum clusters up to 12hrs are looking toppy but not overly so. Price is also reaching up towards the 25 day and 50 day regression channel perimeters, leaving a weekly FLD trough in its wake and into the 1-3 day bollingers with an ending diagonal. So, only circumstantial evidence to hang the bearish hat on thus far unless we see a reversal. Need price down through the New York opening low at 132.777 to have a chance and then 131.22 is my first target as 85.4% fib fan of the fall into Friday.



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