Review for the 30-th of January 2007
Axel
Forex spot: GBP/USD USD/JPY USD/CHF AUD/USD
Spot 0615 GMT 1.9653 121.83 1.2513 0.7748
Weekly Trend Bullish Bearish Bearish Bearish
100 day ma 1.9220 118.32 1.2390 0.7710
3rd Resistance 1.9700 122.50 1.2591 0.7784
2nd Resistance 1.9676 122.20 1.2565 0.7777
1st Resistance 1.9663 122.10 1.2560 0.7750
Pivot* 1.9637 121.76 1.2530 0.7729
1st Support 1.9597 121.60 1.2512 0.7710
2nd Support 1.9585 121.30 1.2495 0.7698
3rd Support 1.9550 121.25 1.2478 0.7650
before Europe
The situation became more clear during the Monday
a) EUR broke a res of flat zone. GBP (1.9618 = a zigzag upwards on h1) and AUD (0.7748 = a zigzag upwards on h1) doesn't.
b) A bullish locomotive is EUR. If EUR
* breaks 1.3000 (the basis of a bearish wave on h1) = cancellation of a bearish 5-waved on h1 and start of counting waves to the back direction
* breaks 1.3047 - ZIFRAS upwards on D1 (162% 1.3150)
EUR will pull all allies with it up.
Europe
* 1.9679 - is the previous ZZ upwards on h1 + 1.9687 38% from the bearish h4
* if the bearish wave is going on – look at zigzags on small TFs - targets are from recoil on m 1-5
+ 200% from ZZ m15 1.9614-43
+ 200% from the previous recoil on m1
* GBP broke res of ISF m15 and reached 262%
* EUR left in ISF
1.FLAT before Europe
2.Grid h4
3.Start of the session
4.A grid on the recoil on m15
5.End of movement: targets + allies didn't support
Before America
a) down
* pound has min 1.9634, movement upwards and NOT puncture of the max 1.9695 + puncture of the min
* Eur is in flat
b) up
* GBP - a puncture of the max
* EUR
RES 4 $1.3060 Fibo 38.2% from 1.3365 till 1.2865
RES 3 $1.3045 max of 23 Jan
RES 2 $1.3005 Fibo 76.4% from 1.3045 till 1.2880
RES 1 $1.2980 Fibo 61.8% from 1.3045 till 1.2880
1.High of GBP
2.Local min
3.A grid on the m15 recoil
It was total flat without support of allies during American session
Gathering of MAs for spurt