Tuesday, July 29, 2014

7_29

USDJPY-- If 102.25 is breached then 103.33-.43 levels is still a bearish structure-- count will change but end result will be yen strength

GPBUSD-- Watched it today on 5m chat for London session- pretty interesting- Distribution pretty evident all around-- as I was putting this together watched area +1.6950 where sell orders lurking...

The endless collapse of EUR, NZD -- AUD breaking ..9410 and turning to resistance-- AUD breaking .9310 will turn very bearish for AUD...  EURJPY still hasn't corrected... even though large volume so -- buyers are being absorbed by market sellers....  GBPJPY same boat-- just farther to fall....  Here's a 5 min of GBPJPY  exactly the crap games--- high V up  then support pulls out---