On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios: 1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline. 2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
Wave-3 of the A-wave hit the 1.227 fib extension almost to the tick so I'm expecting Wave-5 to hit 2.0 ext as it's also the top of the channel which should be temp support. Then up for B and down into the channel for C I don't think we'll retrace after the abc but continue down.....which is a good thing and would be bullish IMO I'm counting on this being the...
Now money flow hasn’t get out of Europe union. Although Europe central bank officials don’t satisfy with high ratio of EURO between USD, Europe center bank don’t take part in QE until July. We all know that the United States economy has already get better, but FED officials worry about low CPI. Economic expansion must require a higher CPI. United States...