i don't think e-u will retrace significantly. it looks like another bear flag.
as for g-j, no surprise. 143.75/144.45 is resistance area. a daily close above 144.45 will bring resumption of uptrend; or a weekly close below 141.87 will meet 136.
let's see.
as for g-j, no surprise. 143.75/144.45 is resistance area. a daily close above 144.45 will bring resumption of uptrend; or a weekly close below 141.87 will meet 136.
let's see.
DislikedPossible, but I don't think the market is feeling that way. Dips are being bought - look at the volume 2 days ago down below 142 - the JPY crosses are representing the state of the US sentiment. I know I said EURJPY was on it's way to 121, but it looks like the EU catastrophe is being bought - "we ain't got no stinkin' crisis!" Heck, they only need $800B to bail out all the hands. And don't forget the straight up 1000 pips from 134-144. UK election resolution is also driving sterling - the crash is on hold.Ignored
Nihil Sine Deo.