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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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EUR/JPY Archive
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Trade Idea: EUR/JPY – Buy at 111.00
Posted on July 19, 2010 | No CommentsAlthough the single currency has rebounded after finding support at 111.43, a break of last week’s high of 113.40 is needed to signal upmove from 107.30 low (wave v bottom) has resumed and bring a stronger retracement of recent decline to 113.90/00 and then next... -
EUR/JPY Bullishness Continues
Posted on July 13, 2010 | No CommentsThe euro is off to good start this month. The euro yen has a rally that has formed an upward channel. Our 4 hour chart shows that price action continues to trade above both our 200 and 100 day simple moving averages. If no news... -
EUR/JPY Candlesticks and Ichimoku Analysis
Posted on July 2, 2010 | No CommentsAlthough the single currency fell marginally to 107.30 earlier this week, as the single currency has rebounded, a potential ‘morning star’ pattern showed on the daily chart and if another white candlestick is formed today, this would add credence to this bullish pattern and suggest... -
Trade Idea: EUR/JPY – Sell at 111.00
Posted on June 24, 2010 | No CommentsAs euro’s retreat from 113.43 has kept price under pressure, suggesting early rebound from 108.06 has possibly ended there and bearishness remains for weakness to 108.90-109.00, however, break there is needed to signal downtrend has resumed for retest of recent low at 108.06. View full post... -
EUR/JPY: Is the Correction Rally Over?
Posted on June 22, 2010 | No CommentsThe daily time-frame shows that EUR/JPY in a downtrend in 2010. The market has been in sideways action for the last month. The momentum has stalled, but bottom action and RSI readings are developing a negative reversal. The most aggressive swing projection goes to 100.60,... -
Trade Idea: EUR/JPY – Buy at 111.40
Posted on June 14, 2010 | No CommentsAs the single currency has rallied last Friday on risk appetite after Friday’s release of stronger-than-expected U.S. data, adding credence to our view that wave v has ended at 108.06 earlier and consolidation with upside bias remains for retracement of recent decline to 113.40/50 and... -
EUR/JPY – Bearish Channel Intact
Posted on June 11, 2010 | No CommentsToday’s price action saw the EUR/JPY test our 100 day simple moving average and 50% retracement from the June 3rd high to June 6th low. Despite a brief rally for the euro, our bearish channel is still intact. The pair could still have a rally,... -
The Daily Forecaster: EURJPY
Posted on June 9, 2010 | No CommentsI continue to remain basically bearish but for the moment still see range trading potentially in the 108.60-109.80-00 range. Once complete we should see losses below 108.06-32 that should extend through 107.53, 107.20 and 106.25-54 to reach the ideal target around 104.40-60. Cautiously I feel... -
EUR/JPY Risk Assessment
Posted on June 8, 2010 | No CommentsThe 4H chart is showing the market pulling back from the breakout last Friday extending into Sunday. Spent some time monitoring this rally for topping, but no topping has occurred yet in the 15-min. The target is seen near 104.50 suggested by a negative reversal....