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

Hitting the underside of .20 - again.

No follow-through during Asia session... price turned and broke out the other side.

Breaking up through .20 (again)... a bounce on top?

Magnus,

Don't forget Japan is on holiday for a few days this week.

.

A few days?... pressumed it was just one like the bank holiday we had here.

Well, ignorance, that'll teach me.

Cheers stewrigh.

Magnus

Pop!

Pressure building...

...and whooosh!

Interesting how the pressure built at .20 (that level, again!)

From the 15-min candle perspective, which is probably the clearest, we had a Harami (or inner-bar if using bar-charts) right below the .20 line.


Magnus

Does the bull-run continue?

I'm watching for a close above .80 on the hourly.

...and if you're on the look-out for bullishness on the higher TFs... just clocked a bullish-engulfing bar on 4h.

Bar is not at a swing-low or significant S/R level so doesn't hold quite so much merit for me.

That .20 line yet again.

Right, .20 has just been pierced, furthering this lovely pattern on PnF.

The box size is 0.2 and reversal 3.

Morning all.

It's not quite the V reversal I expected. But then why do I expect anything less than the unexpected.

If it does turn, it's a painfully slow turn.

Put sell in last night at 1.3257, closed right now while reviewing the pair for a small profit. The weekly bar is looking like it is about to pop upwards, might not but gut doesn't feel right. I've been wondering why yesterday's high has not been broken by stop hunting. Maybe the big boys are accumulating lower for a further push up. Who knows? Either way this one feels wrong right now. Not scientific, but sometimes the gut call is good.

JC

Mornin' JC.

Two highlighted areas are quite 'messy'.

Not sure what to make of them. Or if I should make anything of them at all.

The second highlighted area: two significant rejections off the .20 level - why is it so significant??


Magnus

The price seems to be pretty much consolidating between 132.2x(support) and 132.7x(Resistance?), when it breaks which way will it break . Meanwhile, any body trading within this area?

Edit:- The only reason it went to 131.75 once seems to obvious SL hunting, the PA did not look back that level after that.

Similarities between 30m chart at the beginning of April as price was fighting 135.00 and now as price is fighting 133.00.

135.00 was eventually broken towards the end of the US session and ran for around 250 pips.

Yeah, long above 132.20 at around 09:30GMT.

132.80 level is holding price back.

Watching to see if any "pressure" builds up behind it.