Eur/Usd has met my initial retrace target at the 1.3640/50 zone, cable managed to get to the 23.6 fib although Eur/Gbp has quashed any further rise in that puppy, Aud/Usd just getting the wobbles above the 30 min 100 smoothed moving average. On the Yen Crosses, Eur/Jpy has achieved the 3802 fib sitting just underneath the previous channel support turned res. at 123.14, slightly higher than my 123.05 tgt, Aud/Jpy has also met th projected retrace tgt at 78.15 currently sitting just shy of the 50% fib and the hrly 200 lwma.the Usd/Cad sits between the 38.2 and 50 fib with strong up channel support sitting just below at 1.0658.
Gold, Silver and crude have also retraced mildly but have seen more of a consolidation / sideways trade rather than any meaningful retrace.
Keep your eye on the YMH0, break and close under the 100 sma 30min will have us back looking at the 9900 again.
Tuesday, 9 February 2010
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