week7 :CAUTION the USDJPY big picture with Nikkei

A reiteration of the USDJPY big picture.


From D1 perspective, I see an upslope ED channel which has a 1234 of sorts. Will be tracking the progress when price goes higher in the future.

week7 usdjpy D1 ED channel 090214


Similar in Nikkei Monthly chart,
can see stronger topping price action

week7 Nikkei monthly Ed channel top 090214

In D1 Nikkei,
price has already completed a 1234 and WR multiple month high. It seems to be leading USDJPY in terms of bearishness.
Looking at price now as retesting 13TL, although the day ended as a bullish day.

week7 nikkei d1 13Tl completed 090214


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s