the problem is that euro/yen on hourly has broken above trend-line, so maybe the most it will do is a retest of the trendline and hence continue onwards, esp as the Euro has gone nuts...
trendline at 119.8, 23.6% fib level of latest rally from monday bottom is at 119.3, and 100day moving average around 119.2
conversely, on euro weekly we had a spinning top which has been negated by todays rally, or the conspiracy part of me says this is a trap for people to go long and for the market to tumble down to maybe 115 or lower before rallying to 126...
trendline at 119.8, 23.6% fib level of latest rally from monday bottom is at 119.3, and 100day moving average around 119.2
conversely, on euro weekly we had a spinning top which has been negated by todays rally, or the conspiracy part of me says this is a trap for people to go long and for the market to tumble down to maybe 115 or lower before rallying to 126...