Wednesday, 26 June 2013

USDJPY is the market just resting for another push or is more down side in play

 
Daily USDJPY 

Keeping  a close eye on the USDJPY as the Corrective Move to the upside may be coming to
 and End as Price action  hesitates with a number of doji's 97.56 i've marked as an initial break here will indicate the Andrews pitch fork downside momentum is under way


on the 4hr time frame I've found an A-B-C Pattern A @ 98.66 B 96.95 @  C @ 98.23
if USDJPY continues to fall 96.95 break should complete pattern
However a break of the trigger Line marked out will suggest more upside potential to test the highs 98.66/100.17 /103



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