• The prices towards the right of the chart above are last week’s highs.
• If the markets close above those levels at the end of this week we will get bullish weekly reversals
• The pairs that have a * next to them and are in bold are the ones who’s current price is already above last week’s highs (at the time of writing)
• The ONLY JPY cross in G10 that is not on the chart above is SEKJPY as it has not made a new low this week so does not, as yet, qualify for a bullish weekly reversal. The only way SEKJPY can post a bullish weekly reversal is if it falls below last week’s low of 11.18 and then rallies back up to close above last week’s high of 12.02 (possibly but extremely unlikely).
• We shall have to wait for the weekly closes…but this looks important and could indicate a serious rally in the JPY crosses over the coming weeks
G10 JPY crosses – a weekly close above these levels will mean bullish weekly reversals
Linear Mode
