3 Major Median Lines, one minor active fork (holding, not shown, but the Action/Reaction are the 0.75 //)
Insufficient experience but this is what I see for potential:
The action line is the support. The reaction is where the pair wants to be, doubled by the 'reflective' of 1) & 2) (these lines can be extended along their own parallel)
The other observation is the increase in the support tilt upward.
If the pair gets to the reaction line, (it has to get through significant resistance lines) then the confluence of lines is also on a proven 'background' uptrend line, (see earlier chart - REPETITIVE BEHAVIOUR) - it touched it once at the 8th, which is the effective Median Line of two parallels either side, which contain all of the activity in the last few months. Around that 102.5 level may prove to be a major turn downward, sending the pair racing to the bottom of this huge diamond, on co-collapse of the Nikkei & captured by the Down Trend. Bulls, now is a good time to enter, but caution at the top.
However if that tilt upward of the support goes even steeper on further weakening of the Yen, it might break that level, crack the diamond flinging the pair into relative hyperspace. Abe: you might get more than you wished. This would happen, I think, roughly as an expression of the sharp upward trendlines.
Or all things could remain calm and normal (likelyhood rating 0). The markets are bending.
Insufficient experience but this is what I see for potential:
The action line is the support. The reaction is where the pair wants to be, doubled by the 'reflective' of 1) & 2) (these lines can be extended along their own parallel)
The other observation is the increase in the support tilt upward.
If the pair gets to the reaction line, (it has to get through significant resistance lines) then the confluence of lines is also on a proven 'background' uptrend line, (see earlier chart - REPETITIVE BEHAVIOUR) - it touched it once at the 8th, which is the effective Median Line of two parallels either side, which contain all of the activity in the last few months. Around that 102.5 level may prove to be a major turn downward, sending the pair racing to the bottom of this huge diamond, on co-collapse of the Nikkei & captured by the Down Trend. Bulls, now is a good time to enter, but caution at the top.
However if that tilt upward of the support goes even steeper on further weakening of the Yen, it might break that level, crack the diamond flinging the pair into relative hyperspace. Abe: you might get more than you wished. This would happen, I think, roughly as an expression of the sharp upward trendlines.
Or all things could remain calm and normal (likelyhood rating 0). The markets are bending.