EURJPY is at a technical crossroad with the intersection of a 5-month bear trend line just above, which marks the direction of the primary trend. The colored lines on the two charts below are Gann 1/8th lines set to the synthetic 1990 high and the 2000 low. The weekly chart gives us a good shot of the impulse move down that started in mid-summer, and which has yet to give us a significant correction. A close below approximately 126.00 on the daily chart would give us a sell signal in the same direction as the primary trend, with a downside target of the Oct low just below 115.00. Likewise a close above that 5-month ... (full story)