EUR - No bias for the day pending break of immediate range. It broke up.
GU - Bias was down, had a push up at London open into the area of 4-15 Jan lows/W S1, and a fall from there.
EJ - Bias was down but we had D hammer. In addition a 100 pip drop in Asian session is always a little troubling for the ability to drop further. There have been good 1hr/15 min turn trades at the extremes of recent ranges.That happened fairly early. After my post yesterday a 1hr morning star pattern unfolded and 4hr flow halted.
18 Jan
EUR - Engulfing D close at the resistance level just below 1.3400. 1hr flow higher high higher low. This D higher low close is completely different to the reaction from this level at the beginning of April '12. Bias up with the potential to go lower from the highs.
GU - D closed a doji perhaps showing divergence (price action yet to confirm) stopping at the previously identified support level 1.5950. If the 1hr does not fall we will have a higher low. No bias can go either way.
EJ - D engulfing close (close higher than the previous 2 candle closes). Looks like BOJ not letting their hard work go to waste. Next target 123.00. Bias up.
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