4 HR Timeframe
-PX below MA's
-break of former support
-break coincides with .236 fib I June lows\September Highs I
-Ideal Sell Area: 132.50 / 70
US Gov't shut down and Italian political uncertainty should keep the pair subdued. Components here seem a bit stretched with people about as long of EUR as they've been since 2007. Just had a big snap back on the Letta headline. USDJPY has broken some significant levels - 97.65 is a big level today for me. Look for more downside here on a close below.
-PX below MA's
-break of former support
-break coincides with .236 fib I June lows\September Highs I
-Ideal Sell Area: 132.50 / 70
US Gov't shut down and Italian political uncertainty should keep the pair subdued. Components here seem a bit stretched with people about as long of EUR as they've been since 2007. Just had a big snap back on the Letta headline. USDJPY has broken some significant levels - 97.65 is a big level today for me. Look for more downside here on a close below.