GBP/JPY big surprise eh? you really didn't need a fib to portent that move BUT in the context of the fib it wasn't confirmed. I see about 4 things that told me that was going to happen though. It would be 5 but my damn crystal ball broke... stupid mystical craftsmanship .Oldworld quality my a$$..
I scaled out to the larger tf's and anyone care to comment on what they see? I swear to toast no one say dur I see a head and shoulders dur...
1) on the weekly fib from last swing hi (10/28) to low (11/18) last 5 weeks penetrated but couldn't close over the 38 fib.
2) last week was a bearish bar
3) pin bar on daily 12/27??
4) and dare i say it.........the 228.50-60ish area looks like a strong resistance area in the upper neckline
5) called miss cleo for confirmation...