suggest further gains in coming month. Still, price touched
the upper Kumo Cloud resistance and bounced, showing the
importance of this level. Also the 26 period projected Kumo cloud
made a twist, setting the stage for a strong
TK cross in coming months, if upward action continues.
Above 0,9680 stands HR at 0,99, but with a possible TK cross
price is likely to continue to the 61,8 of large CD leg at 1,0450
which also holds a horizontal (marked red
in the chart). Downward action should be capped by the
Kijou sen around 0,93 and lower kumo cloud and Yearly
around0,9140-80 zone. However, it is more
likely to see support from lower tf.(weekly 0,95/0,9270)
and on Daily 0,9520/0,9370 (with rising kumocloud
ahead of price.) Very Important, is the strong TK cross that
occured on daily tf on friday 31 oct which adds to the
scenario going forward.