Daily EUR/JPY analysis

-Gm accusing china and japan to maintain their currency artificialy low
-Strong euros will cause 1,5% down on german exportation ( even if remains strongs but 70% is intra europe)
-Sarkozy new president will try to lower euro against $ and yen

I am reading more and more stuff like that it is quite knew.

Time is ready for an unwiding and eur/jpy is a good instrument for that
I can be wrong but i get a nice feeling on my short position at 163,09 taken 3 days ago

Took profit from my long position at 162.39 and went short at 162.42. I want to take profit at 162.20 and 162.05.

The pair made three tops at 162.47 and the 5 minutes uptrend is broken. So I hope the pair will search for todays lows.

Hmmm this is the 1H whats it gonna do I ponder?

Okay guys,

This is the way I was looking at it last night. We're still in a long uptrend.
Yday we had smaller time period doji's, and it turned intio a daily doji (or pin bar whatever you want to call it) .

We hit the smaller 50% fib. Lastly, in my experience, the first break of a trendline is usually false.

That all being said, we're heading up!

Then again, I've been wrong many times.

The Euro was non-existant at the old times, but it's interesting to see what'll happen on EUR/JPY next now.

EurJpy trying to break its 25 pip range for the day

Euro news at 4am

4hr bars

EurJpy broken weekly low again

Red numbers s1 s2 s3

Short at 163.15. Daily average range (DAR) is 115 pips bottom side DAR is 162.51. It moves 80 pips are 70% of the time since Jan 1 2006 which is 162.87 moves 90 pips 62% of the time which is 162.77. Set target at 162.82.

Hello,

I'm just starting this thread, because there is no thread were we can discuss the movements of EUR/JPY. I invite everybody to participate and shares there views on this pair.

I think this thread is for EURJPY. Hope to see there Sidus.

http://www.forexfactory.com/showthread.php?t=2674

EurJpy finding support at 162.95 after first of the week correction. It has a yearly (DAR) of 116 pips it has 20 day (DAR) of 88 pips. It has a current daily range of 87 pips

Hmm pretty quiet here...i wonder why no one wants to trade thgis baby small spread and big pips...

Looks like price action on the top looks weak.
We have a selldown which is probably flagging a good buy zone but im not clicking the mouse due to converging MAs...PA looks weak to me, i'll stand aside and wait until the trend is much clearer.

A bounce from 163 and forming a double top on 4H...Hhhmmm...

I'm also watching this pair. Indeed, small spread, good trends, and positive interest.
I was long and closed it with a nice profit. Now waiting for a clear trend to appear again.

This pair kicked my a** last night. I had a sell limit @ 164.00 with SL @ 164.25. It triggered my order and hit SL. I then reverse and enter long @ 164.26. And this time, the pair decided to only go up 'till 164.27 (2 pips beyond my original SL on short) before moving down to ~163.45

Another "oh well..." moment for me...

The green fib numbers are daily fibs and show the fib levels from the previous days high and low and how they pertain to the next day this trading day. The green numbers are the resistance levels, red numbers are support levels and turquoise numbers are pivot points based on previous weeks high, low, and close. Yellow numbers are recent support and resistance levels. The daily range was 133 pips which is higher then the (DAR) of 116 for the year

The posted chart shows the number of times and the percentage of times the EurJpy moves the amount of pips listed. For example it has move 70 pips 88 times or 83% of the time. If the current high of 163.72 holds there is an 83% probability of the EurJpy moving to 163.02 on the down or short side. If the current low of 163.04 holds there is a 83% probability of the EurJpy moving 70 pips on the up side or long side to 163.74. Currently it already has ranged 68 pips and has come with in 2 pips of each of the top and bottom range.