Rouge1896

Rouge1896

EUR/JPY is in a correct to the upside for next week. Should find resistance around 132.715. The long term trend should resume to the down side. CBINX is over sold at a low price (Bearish), but moving averages and CBINX a still bullish. A three wave move needs to complete to the missed pivot, before another attempt is made to brake below 129.769.

Rouge1896

EURJPY to hold or break below 129.689 level? Fail to hold at the trend line. CBINX has gone oversold at a low price, indicating a further move down to complete wave five.

Rouge1896

This week should see a choppy USDJPY with the move back to start wave four, of the a five wave Elliot wave move down. Wave 5 should find support at around 117.333 level

Rouge1896

Further downward movement for the Pound Yen. Possible target reversal zone at 170.681, then looking a movement to the upside to 196.721

Rouge1896

Over sold indicators at a higher price is a bullish sign. If your position is in the direction of the indicator and price doesn't move., you are in the wrong side of the market.

Rouge1896

Large 50% Fib is higher than the small Fib range, meaning the market is expanding, pushing the pound higher.