AudJpy - 4 hourly chart also reaffirms the ideas put forward for UsdJpy. Clearly, point C was put in on Friday with a spinning top at 87.59 which came a few points under the 88.6 Fib of the AB leg. Ideally the target of this retracement to point D would be the 113.0 Fib extension at 84.44. First target would be the 89 ema at 86.07.
EurJpy - AB = CD unfolding with the target zone of 104.33/104.52, initial target of this move is at the 100 ema at 106.55.
GbpJpy - AB = CD unfolding with target at the AB = CD and 113.0 Fib extension at 126.11.
4 hrly close under the 38.2 fib and 38 ema would confirm.
Monday, 12 March 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment