At 129.36 we have run into the trend line coming down from 133.4. Assuming this resistance breaks, the next resistance is at 130.2 or so.
We may have one more move up, although this wave 5 sitting at 129.36 is now EXACTLY equal in length to the wave 1. For details on wave 1 etc , refer my earlier post http://www.forexfactory.com/showthre...99#post6077899
In my earlier post mentioned above, I specified an incorrect target in terms of pips .... although it may well end up there.
At 129.36 we have run into the trend line coming down from 133.4. Assuming this resistance breaks, the next resistance is at 130.2 or so.
We may have one more move up, although this wave 5 sitting at 129.36 is now EXACTLY equal in length to the wave 1. For details on wave 1 etc , refer my earlier post http://www.forexfactory.com/showthre...99#post6077899
In my earlier post mentioned above, I specified an incorrect target in terms of pips .... although it may well end up there.
Ignored
Only a few hours ago, it seemed that GJ was forming a consolidation pattern above 128.85 to go north. It would very much now appear that a H&S head is forming instead.
Yes, it looks bearish. BUT it has retraced to the 38.3 area and seems to be finding some support around there. It may well fall a bit more to somewhere between the 38 and 50 retracement levels.. If it's a H&S pattern, it shouldn't go back over about 128.3. Otherwise, it's probably been in an odd wave 4 consolidation, meaning it could go back to a double top or extend to about 131.
... It may well fall a bit more to somewhere between the 38 and 50 retracement levels...
Ignored
Yap, Price hit 50% and a bit more, tested 20 EMA on Daily chart and if it closes here in this area we'll have Bullish Pin Bar of the 20 EMA. Carefully at the Descending Trendline, but if we crosses it then maybe we'll finally hit upper Trendline of suppose to be channel.
If someone is considering selling at 127.8 please be advised, 4H chart; 53 EMA is in that area! Price likes to test this EMA and then shoots in the other direction! Please see the chart! (Of course I can be totally wrong, I am just telling my view)
If someone is considering selling at 127.8 please be advised, 4H chart; 53 EMA is in that area! Price likes to test this EMA and then shoots in the other direction! Please see the chart! (Of course I can be totally wrong, I am just telling my view)
Ignored
Am expecting a continued retrace to the 61.8 (128.5) or 76 (129 or so) areas. This move is still looking very corrective, so beyond a double top would make little sense (at the moment ... to me). It's just finished an A and B wave, so if the C wave is as long as A, then that would have it up around 129.
Assuming the top holds, GJ should then begin its journey south.
Price hit 512 EMA on Daily chart to the pip. If Price brakes this Dynamic Pivot (I believe it will since Price recently already broke it) we'll see Price hit yellow Descending Trendline. Should the Price brake this one, too then upper Trendline of suppose to be channel.
From Financial Times: "Panasonic warns of second $10bn loss"
Many electronic companies in Japan are suffering from the strong Yen, so I expect Japan to fight for the currency. UP UP UP!
From Financial Times: "Panasonic warns of second $10bn loss"
Many electronic companies in Japan are suffering from the strong Yen, so I expect Japan to fight for the currency. UP UP UP!
Ignored
I'm sorry, but when was the last time they EVER did the right thing.
By the way, the last real intervention was 365.45 days ago
I'm sorry, but when was the last time they EVER did the right thing.
By the way, the last real intervention was 365.45 days ago
I agree, those interventions were short lived...maybe they learned something through the years and will do interventions differently...maybe they did not. It is different culture...
I agree, those interventions were short lived...maybe they learned something through the years and will do interventions differently...maybe they did not. It is different culture...
Ignored
On your last four words, you couldn't be more right.
