BOJ Intervention Why at here?
Monthly Range --- about 6300 pips. Currently the price is sitting in 38.2 ~ 50 fib. slightly above 38.2
GBP Range (1.348 ~ 2.115) It looks like super Head and Shoulder at Monthly ~
When the price reaches Dec Range Fib 61.8, the buyer's action is triggered. 61.8 means the change of the trend. It is holding 61.8 now.
2016 prediction with clone of @nmike
When the price was at 1.098, the 1st purple line down to 1.079. The 2nd time at 1.098, the 2nd purple line down to 1.080. The 3rd time at 1.098, the 3rd purple line down to 1.087. 3 4H candles got supported above 50fib of Dec Range. Long ~
+ Seller Zone passed without much resistance ~
slightly L but overall range. Upward range with the positive slope.
Back to the channel basics. Rule No. 1 : be the rock on the basics, never shaken ~ even during the euphoria ~ ^_^ EURO : RANGE : 0.82194 - 1.59972 (0.82 ~ 1.60) gotta know by heart.
CADCHF ---- not in the area for actions.
GBPUSD has already break-out??? Despite the bad retail data, GBP is still defying the gravity. Interesting? Ja -
NZDUSD possible? Today NZD PPI was way better than expected. What does it say? Interesting ---