Weekly EUR/JPY Fibonacci Relationships, December 2013

There are some interesting Fibonacci relationships pointing to December 15 for the EURJPY (Euro/Japanese Yen). This may matter if it happens, so throwing the chart out there now in advance. First, here is the chart: Second, as you can see, the past two small waves up off the important November 7 low have been 9 day moves. We are currently at Day 4.  The second wave ended a bit over a 1.786 extension of the first wave. Now, what is interesting about this is the following symmetry: (1) Day 9 of the wave off of November 7 low is December 15; (2) C = A in time of the larger move off the August low is December 15; (3) a little above the 1.786 extension of this wave up is also big channel resistance.   Accordingly, EURJPY would look awfully symmetrical and running in the face of multiple time and price/channel resistance if it were to hit about 145.23 on or about December 15.  I will monitor this to see if it happens and sets up a short play against EURJPY.  There is always a bear path and a bull path and we cannot know what path our time will choose in the future. As always, do your own due diligence, read the disclaimer, and make your own decisions. Peace, Om, SoulJester