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

USDJPY inpact on EURJPY

Price is right at the exit door on USDJPY. This grind up to here has been pulling EURJPY higher with it.
However, Price is also right at the 50day rolling regression channel UTL, which is currently facing downhill with an overbought momentum cluster up to 12 hrs in duration.Is this sufficient to dowse the bullish ardour?

The 45 degree line on the 2012 hi/lo grid was penetrated in yesterday's move, but will it follow through today with that daily momentum study overbought too?

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