EUR - View was: D closed a doji, in itself not a strong signal. 4hr still clinging to the lower high lower low flow, divergence is showing and RSI has crossed above its signal line. Until flow properly moves higher bias down.
The 4hr that was still open at the time of posting did close as a higher low to change flow, moving up from the Sep '12 high/W M2 support. Price moved up to the Dec high/W M3 resistance level and fell after 2 x 1hr hammers.
GU - View was: GBP was down graded late Friday night, it remains to be seen whether this bad news will follow through. Had a gap down which is likely to be closed, so a possible move up to 1.5160 area. Still no reason to believe its anything other than a rally in downtrend. Bias down.
Attempt to move lower failed and gave a 4hr higher low in US session.
EJ - View was: Rejected another attempt to go below 123.00. D closed an inside bar, still just on a lower high lower low. 4hr had a higher low positive close hammer. The gap up will need to be closed suggesting a move down to 123.20 area.
Looking for a move lower to close the gap there were 2 x 1 hr shooting stars at W R1. It closed the gap and then just carried on falling over 600 pips.
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