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-   -   EUR/JPY (https://www.forexfactory.com/showthread.php?t=46255)

Islander Nov 14, 2013 6:23am | Post# 41

This is my scalping market ATM. I want to trade this again as the volatility again after a span of being sleepy and lifeless.

I agree, I added EurJpy to my watch list a couple of days ago....I posted this elsewhere earlier...



GM - it seems that the overnight comments by the Japanese Finance Minister Aso concerning"excessive and one side currency moves"and that "it is important that Japan has intervention as an FX policy option" has helped push UsdJpy up towards its 100 level where a double sided no touch option goes off at todays NY cut.

So both EurJpy and GbpJpy moving up - with GbpJpy making a new yearly high....

Attached Image (click to enlarge)
http://www.forexfactory.com/attachment.php?attachmentid=1311845&stc=1&thumb=1&d=1384420146

Pip Pirate

Jeremy Oak Nov 14, 2013 5:52pm | Post# 42

Starting to enter a resistance zone. Will be watching how it reacts up here.

Gizmosis350k Nov 21, 2013 9:43pm | Post# 43

1 Attachment(s)
...wonder where EUR/JPY is heading
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Name: eurjpym5.png
Size: 43 KB

FX_James Nov 25, 2013 12:44am | Post# 44

1 Attachment(s)
EJ bull crossed 4h resistance
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Name: ej1.png
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MisterTrader Nov 27, 2013 2:44am | Post# 45

Strong sell EUR/JPY. Pair is trading 2300 pips above its monthly 50 moving average which runs at 115.23. Potential of at least 1000 pips "correction".

JasmineQu Nov 27, 2013 3:12am | Post# 46

I feel the same way.

k3nshinz3139 Nov 27, 2013 3:13am | Post# 47

Strong sell EUR/JPY. Pair is trading 2300 pips above its monthly 50 moving average which runs at 115.23. Potential of at least 1000 pips "correction".
Technically I am agree with you... but.. Forex world is always Cruel.. haha

eliteincome Nov 27, 2013 3:19am | Post# 48

Hello EUR/YEN

Yeah big down must be due soon
but look at it

EUR/US keeps climbing

US/JPY keeps climbing

man shorts are from 137.5 to 130

an its still going up

FX_James Nov 27, 2013 3:26am | Post# 49

its time to watch day trading range

http://charts.mql5.com/3/175/eurjpy-...ex-group-2.png

MisterTrader Nov 27, 2013 4:56am | Post# 50

I am adding some more short at 138.49.

Dano12 Nov 27, 2013 5:49am | Post# 51

SHORT 138 50

szamoca Nov 27, 2013 6:02am | Post# 52

Why don't you follow trend instead of going against it ?

FX_James Nov 27, 2013 7:29am | Post# 53

trade based on 4h or day chart trend and range

MisterTrader Nov 27, 2013 8:53am | Post# 54

http://www.bloomberg.com/news/2013-1...ers-data.html#

“The euro was boosted by the news that Germany is close to reaching a coalition accord,” said Shinichiro Kadota, a foreign-exchange strategist at Barclays Plc in Tokyo. “I don’t think the euro will extend gains much from here.”

MisterTrader Nov 27, 2013 8:55am | Post# 55

Why don't you follow trend instead of going against it ?
Why donīt you buy more if you are convinced it will rise further and become a billionaire?

artocarpus Nov 27, 2013 4:20pm | Post# 56

anybody else start shorting this thing except me?

artocarpus Nov 27, 2013 4:31pm | Post# 57

my SL is 140. manipulation must have an end. funtamentaly no reason for EUR to go up especially after ECB cut rates to 0,25
and UJ why goes to much higher? cause fed taper or no taper bullshit game?
no sense to me anymore

MisterTrader Nov 27, 2013 7:08pm | Post# 58

my SL is 140. manipulation must have an end. funtamentaly no reason for EUR to go up especially after ECB cut rates to 0,25 and UJ why goes to much higher? cause fed taper or no taper bullshit game? no sense to me anymore
The Japanese government in cooperation with the Bank of Japan has absolutely NO CLUE how to realize TRUE ECONOMIC growth. For now, all what they are doing is CURRENCY MANIPULATION. Thatīs what they are specialistīs at. Japanīs whole economic growth relies on WEAK YEN. Japan has no other GROWTH POLICY.

We are living in a globalized world. China, Bangladesh, Thailand, India, Taiwan, South Korea are now competitors of Japan. Japan cannot grow itself out of depression since salaries/wages are not rising at all. In order to realize long-term economic growth, salaries/wages MUST rise.

Otherwise, people in Japan have nothing to spend on.

The Japanese government knows this, but due to international competition, Japan cannot raise wages/salaries EVEN IF THEY WANT TO!!!! Otherwise, China, Thailand, Bangladesh would take away jobs from Japanese multi-national companies.

Japanese crosses will fall. Itīs just a matter of time.

shellsnail Nov 27, 2013 7:26pm | Post# 59

{quote} The Japanese government in cooperation with the Bank of Japan has absolutely NO CLUE how to realize TRUE ECONOMIC growth. For now, all what they are doing is CURRENCY MANIPULATION. Thatīs what they are specialistīs at. Japanīs whole economic growth relies on WEAK YEN. Japan has no other GROWTH POLICY. We are living in a globalized world. China, Bangladesh, Thailand, India, Taiwan, South Korea are now competitors of Japan. Japan cannot grow itself out of depression since salaries/wages are not rising at all. In order to realize long-term...
You are right about one thing, all things fall - what goes up must come down, it's just a matter of time... But as traders, is our job to 'right the wrong' or to follow trends and make money?

shellsnail Nov 27, 2013 7:28pm | Post# 60

my SL is 140. manipulation must have an end. funtamentaly no reason for EUR to go up especially after ECB cut rates to 0,25 and UJ why goes to much higher? cause fed taper or no taper bullshit game? no sense to me anymore
Why do you think it's manipulation? It's supply and demand. Someone/Something out there Somewhere is buying it fervently so it is going up. They might be manipulating it or they simply ACTUALLY need the currency to do their business or whatever. Why not ride with the wind on your back?

If you have unlimited capital, I agree with you that maybe a SHORT here could make sense since price is quite high above mean.


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