& GL
DislikedLong at 3198, first lot. Will add at 3190, 3180 and 3172 if it gets there.Ignored
- #35,883
- Feb 21, 2013 12:07pm Feb 21, 2013 12:07pm
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Hello,
this is a comparison I made between USD/JPY and EUR/JPY. Let me know what you think.
There is a major difference on the daily chart which can be spot analyzing the two charts compared above. Price action of both charts is the same but; while the Euro failed the next move higher, showing a Euro that is going to weaken faster than the Japanese yen in the coming days,that did not happen to the USD/JPY. So that means that bulls are not interested too buy the EUR/JPY pair at this stage (see below), while they could still be involved in long positions in the USD/JPY pair.
The USD/JPY pair (see picture above) did not fail the current long extension setup. Above the 91.60 level longs are still valid with a 1st target at the 94.90 area (scenario 1). The scenario 2. for the USD/JPY would develop if price falls below the 91.60 level. In that case we could see a move into the next level of support down at the 89.40 area.
As anticipated, the main difference between USD/JPY and EUR/JPY is that the latter failed the extension long. That happened the very moment price moved below the 123.30 level on Friday last week.The price is now in scenario 1, moving in traditional shorts with resistance between 125.30-125.80. First target is down at 121.80. Scenario 2 would kick if price would not bbounce off the next support level at 119.60 which lines up to the 2nd target in the 119.90 area. In that case, we could see a continued move lower.
The level of support on the EUR/JPY pair will be identified when the EUR/USD pair will also find support. I anticipate this support will come at 1.2900. Both USD/JOY and EUR/JPY could find their support when that happens.
More in my mid-week update.
Let me know what you think.
Thank you
Cheers
this is a comparison I made between USD/JPY and EUR/JPY. Let me know what you think.
There is a major difference on the daily chart which can be spot analyzing the two charts compared above. Price action of both charts is the same but; while the Euro failed the next move higher, showing a Euro that is going to weaken faster than the Japanese yen in the coming days,that did not happen to the USD/JPY. So that means that bulls are not interested too buy the EUR/JPY pair at this stage (see below), while they could still be involved in long positions in the USD/JPY pair.
The USD/JPY pair (see picture above) did not fail the current long extension setup. Above the 91.60 level longs are still valid with a 1st target at the 94.90 area (scenario 1). The scenario 2. for the USD/JPY would develop if price falls below the 91.60 level. In that case we could see a move into the next level of support down at the 89.40 area.
As anticipated, the main difference between USD/JPY and EUR/JPY is that the latter failed the extension long. That happened the very moment price moved below the 123.30 level on Friday last week.The price is now in scenario 1, moving in traditional shorts with resistance between 125.30-125.80. First target is down at 121.80. Scenario 2 would kick if price would not bbounce off the next support level at 119.60 which lines up to the 2nd target in the 119.90 area. In that case, we could see a continued move lower.
The level of support on the EUR/JPY pair will be identified when the EUR/USD pair will also find support. I anticipate this support will come at 1.2900. Both USD/JOY and EUR/JPY could find their support when that happens.
More in my mid-week update.
Let me know what you think.
Thank you
Cheers
"markets traded by programs/HFT offer a significant trading edge..."
- #35,891
- Feb 21, 2013 12:20pm Feb 21, 2013 12:20pm
- Joined Aug 2012 | Status: Trader | 4,266 Posts
mok
boronco elected. he is trying to increase min sellery/hour from 7.50 to 9.00 if I amnot wrong.
fiscal cliff only delayed. nothing resolved.
EU is pushing US hard.
you said merkel put the SUP & REZ
3000
4000
Our minimum salary is 270 € a month !
- #35,893
- Feb 21, 2013 12:22pm Feb 21, 2013 12:22pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
quite the same here
with 3x oil prices
with 3x oil prices
I know this yes. Raising Min salary for lazy beer slurping brainwashing TV watchers - WHY NOT!?
Our minimum salary is 270 € a month !
- #35,895
- Feb 21, 2013 12:29pm Feb 21, 2013 12:29pm
- Joined Aug 2012 | Status: Trader | 4,266 Posts
quite the same here
with 3x oil prices
I was working in a International company and for foreign marketing area (Finland). The workers who did the same work in Finland, but less (statistics showed this months after months after months) and they got paid 3 to 4 times more.
- #35,896
- Feb 21, 2013 12:30pm Feb 21, 2013 12:30pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
the rest of the world paying the difference 
This is ridiculous to be honest.
I was working in a International company and for foreign marketing area (Finland). The workers who did the same work in Finland, but less (statistics showed this months after months after months) and they got paid 3 to 4 times more.
- #35,897
- Feb 21, 2013 12:32pm Feb 21, 2013 12:32pm
- Joined Aug 2012 | Status: Trader | 4,266 Posts
the rest of the world paying the difference
But that's another story that i would not rather talk about. I/we have discussed this with coworkers and friends countless times.
- #35,898
- Feb 21, 2013 12:36pm Feb 21, 2013 12:36pm
- Joined Aug 2012 | Status: Trader | 4,266 Posts
the rest of the world paying the difference
Like I said - gov. spoiling them for their own (gov.) good.
- #35,899
- Feb 21, 2013 12:37pm Feb 21, 2013 12:37pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
agreed.
& long story
& long story
To be honest. The countries that pay good salaries etc are the ones who we see in the headlines every day and who have the biggest problems.
Like I said - gov. spoiling them for their own (gov.) good.