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USDJPY--Friday, February 27, 2009 (Update)

Working on the same fib pattern--with projection of a top above 101--shown in post from a few hours ago. A serious bounce off the 2.618 level.

8 Hour chart showing whole pattern from initial base:
090227-0913-jpy8hr.gif

A spike down and sharp recovery.

Detail shown more clearly in 30 minute chart:
090227-0914-jpy30min.gif

Posted by Pure Guesswork on February 27, 2009 9:19 AM |

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