Charts I’m Watching: Feb 10, 2014

Do ya’ suppose the TL we’ve been watching on USDJPY is important?  Someone’s sure supporting it…

EURUSD has probably reached an interim (at least) reversal spot.  The purple .618 at 1.3733 would be more persuasive, as it intersects with the multi-year channel top.

The little ES channel — which neatly contains last Friday’s 30-second correction — needs at least a fleshing out.  A .786 corrective wave would take prices back to the falling white midline at 1745.  The near-term objective remains the .618 at 1803.

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Charts I’m Watching: Feb 10, 2014 — 1 Comment

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