Aus, based on my own analysis I am in 100% agreement with yours, but today's market behaviour is the reason why I doubt my own validity sometimes to interpret this beast. In my opinion we had every factor in place for a strong move down, but instead ...

What is God's name was that massive move from?

My bad, I also meant 223.50

Reply Appreciated

Only asked about the 5SMA because its showing around 233.50 and that's a large retracement, I just wanted to know if I was reading it correctly

What is the level of the daily 5 SMA retracement?

AUD/JPY Analysis — Here's my analysis of AUD/JPY. This may not happen but there are several factors contributing to the promise of a short bull run on this pair to 104.50.

I keep looking at the Dow and I don't see any direction but down. I don't like to post a bias, but he last time I saw 3 lower tops chaos ensued. Whatever. Just be cautious all.

Wow — Nice timing

wow — That's the most unwise thing to say

Exactly — So right And I know because I have tried it for 3 months about 1 year ago, and it doesn't work.

In this case — No you need to look at the Yen spreads in comparison to the rest, he's right, they're unusually large right now...30 on the USD/JPY which is usually 10

Oanda at 234.05

Well — Days like these are days where I'd be dying to go short as soon as the spreads are better. A close gravestone Doji on the weekly followed by a bearish week that breaks and closes lower, then on top of that a GAP from the close. But what ...

Well — There is a nice gap However not as large as some are saying. Oanda which has weekend trading is quoting the price at 234.62.

Well — Actually I meant over an even longer Time Frame but thanks anyways

Monthly — Hi I've been looking at the monthly chart on the GBP/JPY can you post your thoughts on it? Are we about to begin a wave 5?

thanks a lot!!!

I see, is this a long term fall or just a short term swing?