JPY Cross Pairs

My view on Aud/JPN

Contracting triangle now wave d wave e to come!

FYI...

Sentiment and volatility readings

http://www.dailyfx.com/forex/fundame...t_trading.html




Sjc

Continued with Sentiment

Sjc

http://www.dailyfx.com/technical_analysis/sentiment

Re: GBP/JPY [sentiment/volatility allows for short-term scalping strategies] Current Support on my 5 min charts is 144.926, if we break from this level we'd be headed towards 144.810.

On the one hour chart, I'm looking for more GBP/JPY weakness, probably to find support at 142.734.

Would love to hear your analysis on NZD/JPY.

10 minuts after europe open is JPY strongest currency, sell EUR/JPY CAD/JPY, GPB/JPY

i´m short since 14:00 GMT+1

CAD/JPY 92 suport will be break next hour, next 91 , maybe other JPY pairs to take this like an example

NZD/JPY more resilient to the headwinds experienced by the GBP/JPY (I'm focused solely on these two pairs). Further weakness of GBP/JPY indicates a testing of the 143.320 but most likely 142.931 which is Friday's support. A break below 140 would destroy the GBP/JPY upward momentum and we'd aim at 131 levels.

As I said before, the Kiwi Yen pair seems more resilient to downward momentum than GBP/JPY (lagging). I remain bullish on NZD/JPY with a psychological stop at 78.30 and a take profit above 83.00 levels which are 2007's highs.

GBP/JPY continues its downward momentum, I'd be looking to buy this pair at around 143.579-- the potential of moving further south is rational, i would wait a bit longer...see if we can touch the 142.700 range...

good luck. i'll be away from my desk.

Emanuel,

Im 100% with ya on the NZD/JPY trade..

I've just gone long. I'm thinking that EY might break out of this triangle. UJ doesn't look bearish, just consolidating. And EU looks to be heading back up. Both helping EY to go higher. We'll see what happens.

Good day traders. EUR/JPY on the lost today. Will be hunting the intra-week range template (#18,4). Price action looks good and we also have a trend line with multiple touches that might be broken. Waiting of a better price - would love to see it at least at 124,855 to activate the buy order. SL will be hidden somewhere at ~124,40 but it depends on my entry price. Chart.

time for a long on the U/J. targeting 95.00.

EURJPY - as planned. Targets added.

JPY strongest currency from London open, prepare my short for green 150-200 pips, eur/jpy, cad/jpy, aud/jpy, nzd/jpy

JPY is wolf herde, prey is all other currencies

B/e trade after a doze of adrenalin. There was something that I was afraid when entered the trade: intra-day range template (#18,4) in action against me. But as there was some time left for the situation to get onto my side (new daily high would invalidate the ID template) I did risk and went in. No new day's high after I was in was the first sign to be more careful. But when a new daily low was made it took my optimism, for my targets to be reached, away for good. 50 pips to charity (max floating profit with this order). Gladly I got a chance to get out. Actually I even made couple pips with that bounce back. LOL. Hate situations like that as you simply don't have any control of what is going on. I usually come to terms with the idea that my account has already got a loss - easier to watch the screen. This time I was lucky.

Hello,
this is a comparison I made between USD/JPY and EUR/JPY. Let me know what you think.

http://www.forexfactory.com/attachme...1&d=1361469514

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

my experience with .uj is that turns occur at technical levels as they should, but it seems to be for show (the "BOJ show" recently)

none the less, good analysis.

do you have a chart which clarifies the origin of the various fib levels? thx

Exit 1/2!!

short jpy pairs today will not be easy, triple swap interest today. I am long with sl under yesterday low. hold to 22:00 GMT