What do you consider the "Day" Hi / lo? Are you using the hi/lo of a particular session? I trade the NY session and I do look at London's Hi/lo. Just wondering.
broken below support . still has a day or so to regain it but it looks suspect . assuming it doesnt hold im looking for a measured move down to the 12650 area . look to reverse from there , fibs will be the guide . first range was only 38% , second was >50% . momentum slowing a tad since the swing high on first wave down . 12650 area a double bottom from sept lows , logical support , no surprise to see resumption of uptrend from there
Check out this beauty. Ninja Monthly. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3055086> If that starts playing out in favour of the Yen, then I would think Eur/Usd ought to rise, otherwise there will be too much gain in the USD & you guys will see your inflation rise followed by increase in interest rates. That beast of a divergence in Ninja might not be a trend stopper, yet might serve as a powerful bounce to even 100+, quick because it is looking quite compressed on this Monthly chart & 100 has been a long term multi-year support. So my experience & instinct tell me Ninja will shoot for 100 where it might get smacked real hard by Yen bulls .