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Daily EUR/JPY analysis

  • #1,561
  • Aug 19, 2008 4:56am Aug 19, 2008 4:56am
Quoting Bal_975
who short who long?
i am one of those who protect 161
  • #1,562
  • Aug 19, 2008 11:38am Aug 19, 2008 11:38am
Am long at 162.00
Don't Blame Yourself This Is Forex...
  • #1,563
  • Aug 19, 2008 12:07pm Aug 19, 2008 12:07pm
Anyone alive here
Don't Blame Yourself This Is Forex...
  • #1,564
  • Aug 19, 2008 12:48pm Aug 19, 2008 12:48pm
the bullish trend will accured now...be prepared for who's got sell...(just my forecasting)
  • #1,565
  • Aug 19, 2008 1:25pm Aug 19, 2008 1:25pm
Quoting PipsFinder
Anyone alive here
I am here too and long at 62.10 are you still? what is your TP? i have mine at 62.50
  • #1,566
  • Aug 19, 2008 2:23pm Aug 19, 2008 2:23pm
my TP is 62.60
Don't Blame Yourself This Is Forex...
  • #1,567
  • Aug 19, 2008 2:40pm Aug 19, 2008 2:40pm
I am not sure that long will make it to 62.40 or 62.50. It might, but here are my thoughts;

100 sma on the hourly sits at 162.35 or so
200 sma on daily sits at 162.20 or so
This move seems to be a bounce off of the 50% fib at 160.83.
Doubtful it will go all the way back to the 38.2 fib at 162.95
Either the Eur/usd or the usd/jpy would have to move with it and both seem to be sideways to down for the near term.

Just some thoughts that may help with your exit. I always recommend taking profit unless you are very certain of your analysis. Good luck.
  • #1,568
  • Aug 19, 2008 2:42pm Aug 19, 2008 2:42pm
165.20 mine
need 300 pips yet
got 110+ already still open and buy dips
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  • #1,569
  • Aug 19, 2008 2:51pm Aug 19, 2008 2:51pm
Quoting 5ysfx
165.20 mine
need 300 pips yet
got 110+ already still open and buy dips
That is really bold, all the way back to the 23.6% fib. What Euro strength and Yen weakness are you seeing that has you making a call like this?
I must be missing something...
  • #1,570
  • Aug 19, 2008 2:58pm Aug 19, 2008 2:58pm
is this mouvement just a correction?
  • #1,571
  • Aug 19, 2008 3:07pm Aug 19, 2008 3:07pm
Quoting PipAV8tor
That is really bold, all the way back to the 23.6% fib. What Euro strength and Yen weakness are you seeing that has you making a call like this?
I must be missing something...
thats easy bro

eu gonna hit 1495 then down
uj in 100 pips range near 110 before next leg up

do the math :-)
this move is not confirmed yet just my forecast for this and next week like i posted many here b4
So trades ur plan iand iwill stick to mine
  • #1,572
  • Aug 19, 2008 3:08pm Aug 19, 2008 3:08pm
Quoting robrub
is this mouvement just a correction?
At a minimum, it is a 50% re-trace from the previous high at 169.95.

The Eur/Usd and the Eur/Jpy have moved down while the Usd/Jpy has stayed fairly sideways. I personally see more down, as the US seems to be recovering at least a little from the sub-prime situation and things in the Euro zone are now starting to reflect some negative fall-out from the US problems.
It is the stone into the pond theory, sooner or later the waves would hit other markets. I could also see things staying pretty much sideways for a while at these levels. A consolidation phase with a break out that would either continue this move down or reverse it. The big boys make those decisions. I just watch my charts and see what they tell me. Hope that helps.
  • #1,573
  • Aug 19, 2008 3:09pm Aug 19, 2008 3:09pm
Quoting 5ysfx
thats easy bro

eu gonna hit 1495 then down
uj in 100 pips range near 110 before next leg up

do the math :-)
this move is not confirmed yet just my forecast for this and next week like i posted many here b4
So trades ur plan iand iwill stick to mine
I just don't see any Euro strength to support that move. I'll just keep watching my charts and see what plays out.
  • #1,574
  • Aug 19, 2008 3:26pm Aug 19, 2008 3:26pm
Read what people from mig think about EJ? I am hedging but i have a bunch of shorts positions around 161,32 and 160,8 area. so i will appreciate with this cross go short and will close this positions
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  • #1,575
  • Aug 19, 2008 3:42pm Aug 19, 2008 3:42pm
Quoting robrub
Read what people from mig think about EJ? I am hedging but i have a bunch of shorts positions around 161,32 and 160,8 area. so i will appreciate with this cross go short and will close this positions
I read through it and they seem to be 50/50 on the up or down. Pretty much what I've been thinking all week. This consolidation will break up or down, just be ready for which ever way it goes and avoid fake outs. Patience.
  • #1,576
  • Aug 19, 2008 3:47pm Aug 19, 2008 3:47pm
I got out of my short at 161.20 due to lack of follow through. I was targeting the 61.8 fib. Im not ready to go long and will wait for a direction.
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  • #1,577
  • Aug 19, 2008 6:52pm Aug 19, 2008 6:52pm
I took long position @162.14

any predictions?
  • #1,578
  • Aug 19, 2008 6:59pm Aug 19, 2008 6:59pm
Quoting tomasz
I took long position @162.14

any predictions?
Maybe until 162.40 or .50, then I think it turns down. Similar to Monday night. JMHO Good Luck!
  • #1,579
  • Aug 19, 2008 7:00pm Aug 19, 2008 7:00pm
I just got out with 15 pips, it looks like is bouncing of 33 resistance.
  • #1,580
  • Aug 19, 2008 7:07pm Aug 19, 2008 7:07pm
Quoting tomasz
I just got out with 15 pips, it looks like is bouncing of 33 resistance.
Nice scalp. Everything I see just seems to say down, so that is what I am watching. Euro zone news should be neutral to negative but things may spike before that. Once again, IMHO.
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