USD/JPY, GBP/JPY, AUD/USD: Range Predictions
|GBP/JPY dead stopped today at 149.23. That's 39 pips above GBP terms at 148.84, and 8 pips above USD terms at 149.15 but perfect inside the JPY terms gap between 149.13 to 149.47. More closer was GBP/JPY in USD and JPY terms and far off in GBP denominations.. Means USD/JPY took GBP/JPY higher as the driver.
USD/JPY 111.52 held as USD/JPY dead stopped at 111.88, broke 112.53 and ended at 112.71. The 24 hour ahead range was located from 111.52 to 113.07. The points 112.14 to 112.42 was pablum information.
The next 24 Hour range for USD/JPY is located from 111.93 to 113.55.
The next 24 hour range for AUD/USD is located from 0.7589 and 0.7584 to 0.7538 to 0.7518. A gap was created from 0.7538 to 0.7518. USD/JPY's far wider Gap is located above from 112.69 to 113.55. If a range break is seen then take the trade in the direction of the break as a range is far more important in today's currency trading than any other concept.
Nothing new to the concept of Gaps as they were created within the new range structures to central bank revamp to interest rates. Mind the gaps means mind the gaps and don't get caught off guard. Gaps are dangerous because wide real estate exists between points but this is representative as the new trading technique. Means further technical analysis is dead and long gone as a new trading world was created.
To the concept of range ahead predictions is the focus is strictly on price and not the outside market influences as they are meaningless. As accurate as Range ahead predictions are means whatever price is blamed on tomorrow is meaningless. Merket was blamed today for EUR/USD's drop but actual dive was derived from EUR/USD upper point at 1.1818. The 1.1756 break below gave another 28 pips to 1.1728. Merkel or no Merkel, EUR/USD was dropping from 1.1818.
479 currency pairs are contained within my arsenal to offer Range ahead predictions but I offered many before to view.
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