DislikedI would be careful selling into 112.45 - look to the left, this was the start of a strong demand bar. The cycle has now completed and if at all I might look for buy scenarios.
However, the eurjpy is trying to catch up with a strong eurusd - this proves difficult, as we have a strong Yen in times of crisis ( Libyia etc. ).
Wait and see is sometimes a position.
Hope that helps.
___________
michaelIgnored
yup, you're right. however, taking a look back into e rules of this system, in order to even think of a 'buy', the macd have to be green. it's still in a red zone, at least e fastest is 6 more hours to go. unless u bend e rules, ie.