Wednesday, February 8th, 2012

Watchlist for Sunday/Monday, June 27/28, 2010

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Pair Daily 4h 1h
CADJPY Kind of stuck. Technically still wrapping around the 800sma Large range:  86.60 – 85.40

Small range:  86.4 – 85.75

EURJPY Support rejection for a very ugly upside-down H/S? Consolidating around the 200% extension level. 111 – 109.75
EURUSD Was last week’s little downward dip the second shoulder? Yucky. Yuckier.  Retracement levels at 1.2350 and 1.2315
GBPJPY Tightening up along the daily TL. 134.70 – 133.15 134.50 – 133.85
GBPUSD New higher high. 1.4950 is possibly a retracement level.
NZDUSD Ranging near the daily TL. .7158 – .70 .71 & .7075 Retracement
USDCAD It has come up and retested the TL it broke when it sold off last time.  Could be time for a solid downtrend. 1.0450 – 1.03 Retest and bounce south off of 1.0375 would also be a signal for me.
USDJPY Back at significant support at 89.30 90.35 un retraced 89.75 – 89.30

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Hope to see you at Monday’s Watchlist Webinar at 8am EDT!!

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