LONGER TERM
There are a number of fibo reasons to expect 12/12 to be an important date in usdjpy. The Gann Sq setup I have been watching suggests that a top ~ 118 on that date makes sense.
I note that a rise to 118 by 12/12 would have a number of harmonics. Price rise since the June low would be ~ 29^3 (29 is a lucas number). Also the number of bars on the 240 chart would be ~ an even multiple of 29 (29*80)
So I am postulating that remaining long until ~ 12/12 will, perhaps, be a good strategy...
shorter term
there are reasons to think that THIS is also a fibo moment in usdjpy, which 'might' be a momentary break DOWNWARDS. caveat emptor...
There are a number of fibo reasons to expect 12/12 to be an important date in usdjpy. The Gann Sq setup I have been watching suggests that a top ~ 118 on that date makes sense.
I note that a rise to 118 by 12/12 would have a number of harmonics. Price rise since the June low would be ~ 29^3 (29 is a lucas number). Also the number of bars on the 240 chart would be ~ an even multiple of 29 (29*80)
So I am postulating that remaining long until ~ 12/12 will, perhaps, be a good strategy...
shorter term
there are reasons to think that THIS is also a fibo moment in usdjpy, which 'might' be a momentary break DOWNWARDS. caveat emptor...
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