Friday 5 March 2010

Update # 3 $JPY Friday 5 Mch


Another view/chart showing that we are stuck on Fib 61.8% retracement level bang on the long term red CL (see previous post-not shown here). The Fib time Zones show almost perfect description of the swing highs if anchored to the second swing low at '0' (p1 on the green down sloping ML set) which is on the LHS of the dotted red line Fib time interval F0-F1.
Experience suggests that this has further to go on the upside perhaps even today. I maybe wrong & if we have not achieved our objective we may enter a MOC order & take a profit on/during the close.

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