Originally Posted by
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Intraday analysis is that maybe in chart 1 there'll probably be an evaluation of this daily pivot @ 135.72 because it's a substantial level, chart 2 of the h1 tf reveals heavy selling pressure in the current bearish candle and seems as if it will gap down on the open of Asia come Sunday, It'll either test both the daily and weekly or it can possibly bounce around that range and pose a 100 pip range trading opportunity. The intraday Fibonacci retracement shows price stalling at approximately 136.00 a few brokers are still open after market close therefore if there aren't any moves important past US market close this past Friday please do not hesistate to fix me. If any one has noticed that the E/J slightly follows the SPX in moves during the NY session, my concept is that because of economic weakness in the Eurozone and throughout the world, this currency began tracing the motion of their indicies and also decoupled from it's reverse correlation earlier in this year. I'll continue to follow the moves of this NY indicies aslong as the E/J follows it until it decouples again. These are my ideas for E/J this weekend. More to come in the upcoming week.
Best Regards,
-FXC