Daily EUR/JPY analysis | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Daily GBP/JPY analysis 16,618 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily EUR/JPY analysis
Exit Attachments

Daily EUR/JPY analysis

  • #441
  • Jul 12, 2007 4:43pm Jul 12, 2007 4:43pm
Ultimately price action tells the story but here is some thoughts from Fxcm.

21:32 EUR/JPY: NY Traders Warn of Risk of a Correction San Francisco, Jul 12. Despite the strong close on US stocks which remains supportive for the carry trade environment, dealers are wary of EUR/JPY after the cross again made fresh record highs at 168.86 today. The cross is currently at 168.77 and dips in NY over the last few hours have been as shallow as 168.65/70. NY traders" forecasts for the topside of tonight"s range start at 169.00 and go to 169.20. On the downside, dealers" forecasts begin at 168.40 and extend to 168.10 and as low as 167.70 on anticipation of a correction lower. Attempts to target EUR barrier options that begin at 1.3800, continue to underpin the EUR/USD leg of the cross. EUR/USD is currently at 1.3793/95, just shy of the 1.3799 earlier NY highs on yet another attempt to trigger the barrier at 1.3800 during the thin early Asian trading session. [email protected]
  • #442
  • Edited Jul 13, 2007 2:16am Jul 12, 2007 11:29pm | Edited Jul 13, 2007 2:16am
Thanks for the info. I entered long at 167.92 and closed it at 168.74. Now I'm expecting Eur/Jpy to retreat to 168.30-50 during the Asian/London session. It now appears losing its momentum a bit, but most people must be looking to buy on dips for sure.

Quoting goodthings
Ultimately price action tells the story but here is some thoughts from Fxcm.

21:32 EUR/JPY: NY Traders Warn of Risk of a Correction San Francisco, Jul 12. Despite the strong close on US stocks which remains supportive for the carry trade environment, dealers are wary of EUR/JPY after the cross again made fresh record highs at 168.86 today. The cross is currently at 168.77 and dips in NY over the last few hours have been as shallow as 168.65/70. NY traders" forecasts for the topside of tonight"s range start at 169.00 and go to 169.20. On the downside, dealers" forecasts begin at 168.40 and extend to 168.10 and as low as 167.70 on anticipation of a correction lower. Attempts to target EUR barrier options that begin at 1.3800, continue to underpin the EUR/USD leg of the cross. EUR/USD is currently at 1.3793/95, just shy of the 1.3799 earlier NY highs on yet another attempt to trigger the barrier at 1.3800 during the thin early Asian trading session. [email protected]
  • #443
  • Jul 13, 2007 12:00am Jul 13, 2007 12:00am
http://thupten.freehostia.com/euraud.gifhttp://thupten.freehostia.com/euraud.gif
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 74 KB
  • #444
  • Jul 13, 2007 2:50am Jul 13, 2007 2:50am
Hi. There are some thoughts. To my mind 172.29 it's a good point for strong sell, but little problem, stop loss should hide above 175 .But before we have preliminary level 169.92-170.40 where we( me and my friend) see sell with Profits 200-500 pips. I think the trade will looks like breakout above 160 when the pair move on inertias upwards then sharp fall downloads. Good luck and profits
  • #445
  • Jul 13, 2007 3:41am Jul 13, 2007 3:41am
The nearest aim 174. If the tendention then euro will grow up and jpy will stay on it's mark, the pair will be rising.
  • #446
  • Jul 13, 2007 4:07am Jul 13, 2007 4:07am
Quoting ukutrader
Thanks for the info. I entered long at 167.92 and closed it at 168.74. Now I'm expecting Eur/Jpy to retreat to 168.30-50 during the Asian/London session. It now appears losing its momentum a bit, but most people must be looking to buy on dips for sure.
Good you made some nice profits. Obviously the way things are in a tight range there will be another break out (probably next week). Up or down will just have to wait and see and go with the flow.
  • #447
  • Jul 15, 2007 5:08pm Jul 15, 2007 5:08pm
short term sell ! because of uptrend of ADX 14 !
byebye costly moments.
  • #448
  • Jul 15, 2007 6:42pm Jul 15, 2007 6:42pm
sell eur/jpy, tp at 167.44? a point of intersection between the fib 61.8 and the lower line for the uptrend channel.?
  • #449
  • Jul 15, 2007 7:34pm Jul 15, 2007 7:34pm
Quoting thupten
sell eur/jpy, tp at 167.44? a point of intersection between the fib 61.8 and the lower line for the uptrend channel.?
what about others idea ?
byebye costly moments.
  • #450
  • Jul 16, 2007 3:24pm Jul 16, 2007 3:24pm
I'm also LONG @ 167.88

My reasons:

1. Carry trade
2. General uptrend
2. .50 FIB support
3. 50 EMA support
4. 4 consecutive bottom candles on the 4H

And again, if it goes down, I'll add other lots.
  • #451
  • Jul 16, 2007 3:25pm Jul 16, 2007 3:25pm
And a little fib chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 42 KB
  • #452
  • Jul 17, 2007 4:45pm Jul 17, 2007 4:45pm
heading towards 167.90??? anyone?
  • #453
  • Jul 17, 2007 5:42pm Jul 17, 2007 5:42pm

I expect it to go down around 167.70's. I have a short since 168.66.

R.Ozkan 1984 İzmir-Turkiye
  • #454
  • Jul 17, 2007 6:04pm Jul 17, 2007 6:04pm
From Fxcm

21:17 EUR/JPY: Cross Expected to Be Capped Ahead of 169 in Asia San Francisco, Jul 17. EUR/JPY was well supported in the NY session, underpinned by the strong gains to multi-year highs in NZD/JPY, AUD/JPY and GBP/JPY. However, EUR/JPY failed to make fresh recent highs, stalling ahead of selling interest at 168.75. The cross currently trades at 168.56 with NY dealers looking for 169.00 to cap gains tonight on the cross. Forecasts for the topside of tonight"s range begin at 168.75 and extend to 168.95/00. On the downside, the forecasts begin at 168.20/25 and extend lower to 167.70. Some traders remain concerned that the JPY crosses are due for a correction, particularly with EUR/JPY stalling under 169.00. [email protected]
  • #455
  • Jul 17, 2007 10:37pm Jul 17, 2007 10:37pm
I just longed it, let's see where we go
Trade what you see, not what you think.
  • #456
  • Edited 4:59pm Jul 18, 2007 5:17am | Edited 4:59pm
Presented for your consideration:
4 Hr chart.
Bounced off 168.00; 4hr doji @ 32.8 expansion line say up, but momentum looks like it's weakening. Stops below support @167.70.
Target1: MR1 (168.63)
Target 2: WR1 (169.07)
Target 3: WAAAAy up at the top of the channel.

{picture removed, please keep max size to 600x600}
  • #457
  • Jul 18, 2007 5:40am Jul 18, 2007 5:40am
Quoting Taters
Presented for your consideration:
4 Hr chart.
Bounced off 168.00; 4hr doji @ 32.8 expansion line say up, but momentum looks like it's weakening. Stops below support @167.70.
Target1: MR1 (168.63)
Target 2: WR1 (169.07)
Target 3: WAAAAy up at the top of the channel.

You need to learn how to properly attach an image file to your posts!!!
  • #458
  • Jul 18, 2007 6:22am Jul 18, 2007 6:22am
?
  • #459
  • Jul 18, 2007 9:12am Jul 18, 2007 9:12am
Quoting Taters
?
It's too BIG!!
  • #460
  • Jul 18, 2007 9:29am Jul 18, 2007 9:29am
Sorry, I just hate to squint at blurry JPGs that have been reduced in size to the point of illegibility.Dont' you? Here's a version for those of us still using 15" screens. (ok- I admit I went past the scrollbar point...)
Cheers,
Taters
http://xs217.xs.to/xs217/07293/eurjp...18smallGIF.gif
1 trader viewing now