EURJPY 60min 2016 11 09 10:20am
Market dropped off, election results? technically it remains on track, finding support, once again, from the purple s/r zone. Watching to see if zone holds or breaks, bias is for it hold and another lift to occur.
240 10:20am
We had been looking at potential cup & handle patterns; the market failed to give any significant lift to confirm this, remaining at resistance and falling off shortly after our talk yesterday. Note the market moves through a HPTZ just before it finds support from the purple s/r zone.
Once again back at the purple s/r zone: breaking down through this could see the market move to the next purple Fib level, and then (if that breaks as well) the green trend line that can be seen at the bottom of the chart.
Bias at this point is for another lift, moving back to previous highs.
