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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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EUR/JPY Archive
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Trade Idea: EUR/JPY – Stand aside
Posted on June 7, 2010 | No CommentsThe single currency tumbled last Friday on risk aversion and price dropped below recent low of 108.83 to as low as 108.06 this morning, suggesting the wave v from 122.29 is still in progress and although price has rebounded from there, above 110.40/50 is needed... -
Daily Forex Update: EUR/JPY
Posted on June 4, 2010 | No CommentsThe EUR/JPY has lost a good deal of the short-term downside momentum that pushed prices lower from the June 3 high of 114.15, and this rejection shows that buyers are not willing to support prices above 114.00 for now. However, the Falling Wedge pattern alert... -
EURJPY: Corrective Momentum To Target 115.46
Posted on June 3, 2010 | No CommentsHaving turned ahead of its 2010 low at 108.82, corrective risk now points higher for further up move. This is evidenced by its Wednesday price seen pushing higher with eyes on the 113.67 level, its May 28′10 high. For a full corrective recovery to occur,... -
EURJPY – Vulnerable But Eyes Corrective Recovery
Posted on May 31, 2010 | No CommentsAlthough the cross closed lower the past week, loss of downside momentum was evidenced in its hammer candle formation. However, we need a follow-through higher to confirm the efficacy of the mentioned candle pattern. With EURJPY vulnerable to the downside, a further downside weakness may... -
Trade Idea: EUR/JPY – Hold long entered at 112.00
Posted on May 31, 2010 | No CommentsAlthough the single currency slipped to as low as 111.35 last Friday, as price just held above indicated stop-loss level at 111.30 and staged a rebound from there, retaining our bullishness for further gain to 114.00. View full post on Forex Trading Ideas -
Trade Idea: EUR/JPY – Buy at 110.00
Posted on May 26, 2010 | No CommentsAlthough the single currency resumed recent downtrend and fell to as low as 108.83 yesterday, as euro has rebounded from there to 111.95 this morning, suggesting a temporary low has possibly been formed and consolidation would be seen. Break of said resistance would bring retracement... -
EUR/JPY Daily Outlook
Posted on May 19, 2010 | No CommentsEUR/JPY’s fall resumed after brief recovery and reaches as low as 111.28 so far. Intraday bias is back to the downside and further decline should be seen to retest 110.69 low first. Break will confirm that whole fall from 127.88 has resumed and should... -
EUR/JPY Weekly Outlook
Posted on May 17, 2010 | No CommentsEUR/JPY’s rebound from 110.69 extended further to as high as 122.27 last week but failed to sustain above 4 hours 55 EMA, reversed and fell sharply. Initial bias remains on the downside this week and retest of 110.69 low should be seen. However, break here... -
EUR/JPY Elliott Wave Analysis
Posted on May 16, 2010 | No CommentsDespite early rebound to 122.29, as the single currency met renewed selling interest there and has continued to move lower throughout this week, suggesting the rebound from 110.49 has possibly ended there and bearishness remains for weakness to 114.00, then 113.00, however, break of recent...