My views on geppy should be well known by now..it is very difficult to gauge were it wants to go in the short-term as we bubble around in no-mans land.
I hinted we may be set for some side-ways action for a while...and i think this may still be the case...
The top of this possible side ways action would be 159.60 and the bottom 154.00..we need to see PA above or below this zones to determine direction...however there's lot of pips to take within this range.
One important area that i have also mentioned again and again is the 158.20 zone..it is more likely i will short as long as PA remains below this area...that's not to say my bias is short..at the mo i remain neutral on this...my force index is flat and stochs are indecisive...on the daily chart.
The one this week to watch is the looney...I think we are set for a drop to the 1.1250 zone..the smaller TF seem to be rolling over and also looks like we are forming a H&S on the 1HR/4HR TF's.
The risk is the last high @ 1.636. Until geppy decides to move one way or the other i'm concerntrating on the USD/CAD.
Happy Pippin
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