17 Sep 2013

GU - Moved down in US session yesterday to close the gap and negative for the day but still above RSI 50 level and 8lwma. 4hr has signaled a scalp sell. Retaining up bias until D gives a clearer 3-7 day reversal pattern.

GBPAUD - D closed a long legged doji, RSI crossed up. 4hr showing some large spikes on news yesterday and this morning. We haven't closed the gap yet. Bias up.

EJ - D closed positive with a large upper wick, RSI flat. 4hr showing clearly the base at 131.60. There is a resistance area at 132.50 should we move up. No bias.

EURAUD - D closed a long legged doji from the support area 1.4250. The gap down has not been closed as yet. 4hr showing the AUD news spike. Still in the 1.4240 - 1.4400 range time will tell who wins out. Bias up.

AUD - D closed a shooting star. 4hr showing a very strong 3 bar reversal pushing lower to close yesterdays gap. bias down.