USDJPY, 22-27 Feb. 2009

Weekly

The pair is in a clear AB=CD pattern. Seems to be CD leg is done. We should expect a pulback at least to 38.2% of CD Leg, but as per fibzone analisis it can go up to the confluence of 61.8% of CD and 38.2% of AD. Ma`s are showing a bearish trend scenario in this Time frame, and the Trigger will be on Daily TF. Right now price is challenging 38.2 fibfan level of CD. The break of this level is necesary for eventuals longs in smaller TF`s (H4). Recomended Action: In this TF, i will wait for pullback finish in order to enter short in daily.

4 Hours

In this TF Ma`s are favoring a bullish trend. Price is now reacting within 30 and 50 MA´s and could be preparing a rejection from this zone. Recomended Action: Because price rejected from a previous Resistence level @ 94.46 , i will wait for this level to be broken an retested in order to go long. Trades must be made looking for targets located on weekly´s AB=CD pattern CD leg Fib levels @ 96.02, 98.84 and 101.60. -