UsdJpy - Target is 80.03 which would complete at the 113.0 ( after 88.6 retrace to 76.02 low) also the AB = CD of the intervention spike.
AudJpy - Still maintain the upward target zone at 86.45 - 127.2 Fib ext. ( after the 78.6 retrace to 74.77 ) and 86.81 which is the AB = BC target.
EurJpy - Whilst not as clear as the UsdJpy and AudJpy the AB = CD leg looks to complete at 107.83 between the 70.7 and 78.6 fib retrace levels. The 200 sma comes in at 107.28.
GbpJpy - Has smashed through both the daily 200 sma and my in initial target zone at 124.22 which now focuses on the longer perspective. The next objective would be the AB = CD at 127.58 where the AB leg is the 117.27 - 127.30 October 2011 rally. which as far as the fibs go brings us inline with a full 100 % retracement and extension.
Monday, 20 February 2012
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