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

correct chart entrie at the touch of the BB 130.65

exit 75

great entrie free, what make you see such a great entries free?

I'm going to stay a bit longer, such of great scalper, Free

I'm going for m3 now free

lock in profit 10 pips and we will see where this go

my stop is at the PP figuer if it reach there is all gone for me and the m3 this morning

I'm stop

in again same place 130.65

4H stoch is slightly bearish but it seems to be turning tu bullish. 130.32 is a tough resistance to break and as long as we are below it, I would recommend going against long. There is a good but a risky short setup for the pair at the moment. If you would like to take the risk and go short, 129.75 should be your final target.

m3 was breech so 131.72, R1 next target

http://i39.tinypic.com/29vchn8.png

I took the risk and shorted ej, took exit at 130.90 though.

the above analysis is mid-term out-look. plenty of opportunities both directions until then.

I took the short too

I love EURJPY versus the GBPJPY & USDJPY.

GBPJPY - Too high spreads and too volatile.
USDJPY - low spread and low volatility.
EURJPY - low spread and decent volatility!

I just need about 80 pip per day on eurjpy, 20-30 pip targets x 4 per day and I'm very happy

There are 2 strategies that can be followed on eurjpy to achieve 80 pips per day goals.

1. Intraday trend and counter trend trading using technical indicators
2. Frankfurt and London candles, I simply follow the 1hour candle direction of frankfurt and london and do my 80-100 pip just in these 2 hours!

Today exceeded 100 pips again. Hope my blah blah is helpful. Calling it a day for now. Cheerio

I feel bullish.

I think eurjpy upside move will be capped with top side of ichimoku cloud at 131.50 as I write in my blog http://vectra.web.id/foreign-exchang...y-outlook.html and I feel bearish for eurjpy to test support at bottom of ichimoku cloud.

I remember reading somewhere (maybe bird watching in lion country) that sometimes when governments proclaim they "will not interfere in FX markets", it's the next thing they do, so maybe we should just keep this in the back of our minds, as it may mean something, or it may mean nothing at all.

TOKYO (MarketWatch) -- The Japanese yen touched its highest level in two months against the U.S. dollar Friday after an official statement that Japan's government wouldn't intervene to prevent the strengthening of the yen.The yen's appreciation against its major rivals has weighed on the nation's export-heavy economy.


Finance and Economy Minister Kaoru Yosano said the government wasn't "at all thinking about intervening in the foreign exchange markets at this point," according to comments Friday carried by Dow Jones Newswires.
But Yosano added that the government was looking into the matter.
"For anyone hoping for intervention, the finance minister has thrown cold water on the speculation," said Kathy Lien, director of currency research at Global Forex Trading.

There is always some news from Japan when yen approaching 90, and ussually its about intervention on yen appreciation.

hmmm. let's see where it will break.