If you love the EUR/JPY and you know it... clap your hands!

Interesting. Are we going to have another stab at .50?

Of interest if the two quick 50-pip rejections off the .50 level.

.50 this time?

E/J has won the battle with .50... but will it win the war?... let's see if it find support...

We'll get a reaction at 126.00 - if we get that high. Support above 126.00 and yorkie's 127.20 could very well be a target.

Having a scrap with .80 - a clear Price Pivot.

Richard Morrish says...

Taking this post in isolation, it's working out fairly well.

Price barely flinched at 126.00.

Interestingly, it moved like there was news out - wasn't aware of anything.

Moved 40 pips from .90 in less than a minute at 15:00GMT.

The consumer confidence report from the u.s was relised at 15 p.m.

Ah, thus affecting U/J, and in turn E/J.

Thanks ablg..


Magnus

Been in a 30 pip range for an hour or so.

We got a 10-pip break below 126.00... then back into the .00-.30 range.

With Euro Session closed and only US open this could just range until Asia; Asia has been quite active as of late.

126.00 held. Closing of Sunday gap not quite as unlikely.

The H&S is working out horribly well.

PnF breakouts.

Fib.

I believe this trade is reaching the point of return.
What do you think about it?

It could go either way from here - which, for me, is a warning to stay away.

The weekly definately looks bullish though.


Magnus

Looks like something to happen.
Let see.

If it follows pattern, it should go down next. Lets see what happens