Showing posts with label Correction. Show all posts
Showing posts with label Correction. Show all posts

Monday, October 27, 2014

Correction In Eur/jpy Might have ended earlier than Expected

Corrections and Continuations

I watched the activity in Eur/jpy chart trade and watching that Intraday rally from the Bottom is very weak and Price once again holding higher prices strongly and I would like to see a test of 136.30 area again and then I would expected bigger rally would be on the cards once again on and Intraday Bulls will come In the market once again move the price higher.

We can once again see Value Migration to the upside, But depends a lot on that Price maintain the "Imbalance" in the market, and don't fall sharply and If it does we can see much more consolidation before next move higher or lower.

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