Thursday, June 27, 2013

JPY 6-27

I haven't given up on my Large C wave (of B for GBPJPY, EURJPY, USDJPY) before we take five really large waves down for a C wave. That stated- the EURJPY creative count is in an overlapping 1,2,3,4,5 - with wave 4 being crazy complex (double or triple depending upon count (so large it could classify itself as it's own B wave (and C would go to 133.80 or higher. With still ~ 200 pips of upwards move on USDJPY still in play...(has been all week and why I didn't drop the above scenario) 100.44 then I'll think more shorts or a decent break of 96.80 region.