Friday, October 15, 2010

All About FX

So is there a blow off top?
Yen 5 min

Yen 60 min
click to enlarge
Early indication of a reversal looks like 122.5 and confirmation under the apex and month long trendline at 122.
And the Euro;
Euro 5 min

Euro 30 min

At least in the short term it appears to have a -5- of 5 in place at the mornings high.
And 1.40 looks like support that needs to hold.  There is neg. RSI divergence.

And longer term;
Euro daily
 click to enlarge
Also negative RSI divergence. Possible 5 up of greater degree to complete C.

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