FX:USDJPY   U.S. Dollar/Japanese Yen
206 4 0
Ambiguous, but could be a triple zig zag on UJ... the recent price action on the lower time frame still look corrective so I'm expecting one more down... if we do get that, it's long time for me! The daily stochastics has almost unwound and the monthly candles just look corrective - certainly not bearish from experience of candlestick analysis. Bear moves happen quickly and suddenly USUALLY. Just look at the CAD pairs the last few days, esp             04/10/13... that is what a typical bear move is - a sudden drop smashing supports. UJ on the monthly is just ambling along sideways... consolidation before continuation most likely and with this possible triple zigzag ... it seems to stack up in our favour to go long soon...
I aslo hijact your chart and made some additions in it. I think people hate me for that. LOL!
More food for thought.

snapshot
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Monk KevinT
i'm still looking for one more down move before a long... the daily stokes is still down even though 4 hour pos divergence... im in wait and see mode...
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Check out my latest GBPUSD chart ')
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Hi Monk. Check these two out:

Made 5 days ago (hit and closed)

Bear pull back


Made yesterday. 4h seems bullish, but daily less convincing. I prefer daily way above 4hfor reliability. Any thoughts?

Positive divergence on 4h


I do think there is more down side to USDCAD to 1.01445

Kind regards,

Kevin
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