Daily EUR/JPY analysis

http://www.forexfactory.com/attachme...4&d=1219744761

Since I've been on hiatus that pair still hasn't broken 170 yet.

I'm guessing it'll take some good news out of the Eurozone,
like a significant rate hike.

Is this thread over ?


I don't see anyone active in here ?@@

today I am busy,,,Shorting and Longing of USD/JPY....

sonic

I was just checking the charts

yeah me too....busy with UJ....pending order at EJ now at price 162.00 hopefully EJ bearish tomorrow and hit my pending order

I'm flat at the moment.

Hey traders, I'm happy to see you in my favourite discussion topic!

Here's my last EJ analysis; Just now the price has touched the upper line of the big triangle, lasting since Monday. I should admit that nothing except this line holds the price from moving up: the closest Resistance is 161,84.

Adding to possibility of the bullish movement, the price has touched directly 50% Fibo level. It's enough for a good correction, but it could last till 61,8% (it's around 161,9; almost R1 level!)

I suggest bearish scenario with a tight SL level, ,just some pips above the line + spread + volatility. My initial TP is 160.36 (S1).

Good night!

Nice call.

Just hit my TP 161.00

My analysis on EJ (30 Aug 08)


Did you trade according to the buy/sell order from my analysis...

BUY@ 163.18
SELL@ 160.50

Your Sell order will get filled and you will be up +200 pips by now.

Ok, here come the analysis for this coming week

1. Possible trend reversal hammer doji is cleared by followed up bearish engulfing candle. we should look out for short entries only.

2. We are resting on the muliple resistance,support line. We are entering congestive zone. Possible classic pull back may take place, as long as the pull back is not more than 50% of this week candle. I belive it is ok.

3.I will add my short if the price go below 158.50



Plan your trade, trade your plan.
Sonic

im seeing a bullish week for this currency and test of top and fall ....monthly to me see very bearish...

hi guys
what you wait? trend down go 152 or go up 16x? i am very afraid

i don't think EJ will started with downtrend on next week because of RSI(5) was sold out....

I haven't found any big moves on Ej during the holidays, so I'm afraid it is out of traders' attention now. It has only few pips to fill it's Sunday gap.

I predict the pair won't follow UJ and GJ, as USD has Gustav hurricane, GBP has the worst economy during the last 60 years and EUR has neither of such catastrophys.

FOr me, EJ might head for 156.00

http://www.forexfactory.com/showpost...&postcount=174

There is nobody here anymore

I am here...sold all my shorts already....

LONG @ 158.0x region,...

long @ 157.95

The daily and monthly trend are still very bearish

let s see i have some shorts i will close them as possible as i can

EUR/JPY is trying to use 157.00 as the resistance lvl..and stageing a rebound...

Sonic