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Daily EUR/JPY analysis

  • #761
  • Jul 25, 2008 10:47am Jul 25, 2008 10:47am
I want u guyz to visit forexpros.com and infer certain more accurate analysis.

CONNECTED191 is there no any other pair to trade upon probably before the shut of the day?
What goes up comes down, so always make Forex better than u met it.
  • #762
  • Jul 25, 2008 10:56am Jul 25, 2008 10:56am
ak4x, Good analysis!
I need more of ur sensibility
What goes up comes down, so always make Forex better than u met it.
  • #763
  • Jul 25, 2008 10:59am Jul 25, 2008 10:59am
what confuses me is how they charted the EJ in 1992 when the Euro wasn't in the market???... Is it a probability chart?
Don't Blame Yourself This Is Forex...
  • #764
  • Jul 25, 2008 11:01am Jul 25, 2008 11:01am
Quoting mustaji
I want u guyz to visit forexpros.com and infer certain more accurate analysis.

CONNECTED191 is there no any other pair to trade upon probably before the shut of the day?

Last hours of the week, we better sleep...no much action from now
  • #765
  • Edited 11:42am Jul 25, 2008 11:11am | Edited 11:42am
Quoting connected191
last time we saw it above 170.00 was in 1992...since then it didnt even touch 170...it can take some days untill we see it above 170 again...
OK, but the only reason that is still a semi accurate statement, is becuz it it missed by just 5 pips on last try... and 10 before that. maybe a miss is as good as a mile (or kilometer), but I'd keep a sharp lookout was it me... And then there's this...

Quoting PipsFinder
what confuses me is how they charted the EJ in 1992 when the Euro wasn't in the market???... Is it a probability chart?
Before that it was called the European currency unit or somesuch, and was all tangled up with various legacy currencies from different countries. It's a little vague as to how solid you want to look at the values given, since it wasn't a REAL currency until 1999. Google the thing. I just look at the REAL euro myself. That's just me. But how you see what you look at greatly affects what you see...
FUBAR...
  • #766
  • Jul 25, 2008 11:17am Jul 25, 2008 11:17am
Don't Blame Yourself This Is Forex...
  • #767
  • Jul 25, 2008 11:20am Jul 25, 2008 11:20am
Quoting mustaji
ak4x, Good analysis!
I need more of ur sensibility
appreciate the kind words, but the last part cracked me up...
FUBAR...
  • #768
  • Jul 25, 2008 11:29am Jul 25, 2008 11:29am
Quoting PipsFinder
Advice please .... do I keep my short postions ?
Don't know where you're short from, in profit or in loss, and can't say what you should do, but if you don't understand gaps, or don't know how your broker deals with them, and this is live account, you are in a typical Friday dilemna. If you're in profit, you could lose it at opening, and If you're in loss, it could get worse, or the opposite of all of the above. Or nothing may happen except it opens at current prices. I rarely trade Fridays except for scalps. Too screwy.
FUBAR...
  • #769
  • Jul 25, 2008 3:05pm Jul 25, 2008 3:05pm
I don't understand how this thing keeps testing 170. Numbers are great for Japan, bad for Europe. Does the carry trade trump all fundamentals?
  • #770
  • Jul 25, 2008 6:55pm Jul 25, 2008 6:55pm
EUR/JPY (source: ibt)

Quote
169,07. EUR JPY broke 168,00 resistance. EUR JPY is in a consolidation after
the last bullish movement. The volatility rises. Bollinger bands are deviated.
1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY.
4H ForexSto (Modified Stochastic) crosses and gives a positive signal.
The uptrend should continue on 170,00 resistance. We won't take a position.
The risk/reward ratio is too high to take a position..

Resistances 169,40 - 170,00 Supports 168,50 - 167,50

http://www.mataf.net/images/_forex/eurjpy-007182.png
That's distinctly overbought, and the COT chart on PFX says it's turning
bearish.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #771
  • Jul 26, 2008 7:30am Jul 26, 2008 7:30am
http://www.xe.com/news/detail.htm?articleId=19730

Yen Crosses Rebound as Risk Appetite Stabilizes
Kathy Lien, Chief Strategist [email protected]
2008-07-25 22:13 UTC (GMT)



Quote
The Japanese Yen crosses rebounded today as the stock market and risk
appetite stabilizes. Like the rest of the world, Japan has also been
hit by inflationary pressures.



The latest inflation data shows that core inflation has hit a
10 year high due to rising food and gasoline prices. This has been
a huge drag on the Japanese economy and part of the reason why the
trade surplus fell for the first time in 5 years last month.
The deterioration in trade was significant with the surplus
falling a whopping 89 percent in June. Japan is having a
particularly tough time with slowing export demand and surging
import prices, which is why the BoJ has turned bearish on the
economy. There are a lot of Japanese economic data due next week
including the jobless rate, retail sales and industrial production.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #772
  • Jul 26, 2008 11:44am Jul 26, 2008 11:44am
166.15 target is very clear
Don't Blame Yourself This Is Forex...
  • #773
  • Jul 26, 2008 11:51am Jul 26, 2008 11:51am
Quoting blunderbuss
http://www.xe.com/news/detail.htm?articleId=19730

Yen Crosses Rebound as Risk Appetite Stabilizes
Kathy Lien, Chief Strategist [email protected]
2008-07-25 22:13 UTC (GMT)
But doesn't the Euro have even worse numbers? Do they even have a trade surplus? Don't they have worse inflation? Doesn't Japan have $1T in reserves compared to Euro's $500B which is divided into who knows how many countries? Haven't Europe's banks lost $200B in loans while Japan is only at $20B in loses? Why aren't these numbers reflected once?
  • #774
  • Jul 27, 2008 2:58am Jul 27, 2008 2:58am
What do you think about this scenario guys and gals ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.PNG Size: 91 KB
  • #775
  • Jul 27, 2008 5:27am Jul 27, 2008 5:27am
POsibility of retrace for 4 times at fibo 50???
The laz fibo on chart for me is abit uncertain
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 27July08 H4 Fibo.jpg Size: 130 KB
  • #776
  • Jul 27, 2008 5:55am Jul 27, 2008 5:55am
166.15 target is very clear

Hope
  • #777
  • Jul 27, 2008 5:35pm Jul 27, 2008 5:35pm
Short 1.6954 TP 1.6915
  • #778
  • Jul 27, 2008 5:36pm Jul 27, 2008 5:36pm
Quoting Seaward22
Short 1.6954 TP 1.6915
uhh. what pair?
Craazy
  • #779
  • Jul 27, 2008 5:38pm Jul 27, 2008 5:38pm
shooting for the stars it is on this lovely Monday morning.
IMO 166.15 is a long way from here
Enter Signature
  • #780
  • Jul 27, 2008 5:39pm Jul 27, 2008 5:39pm
Quoting craazy
uhh. what pair?
169.54 TP 169.15, my bad
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