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EUR/JPY

  • #1,261
  • Edited 3:35pm Mar 6, 2014 3:15pm | Edited 3:35pm
Quoting Affirmed
LOOKS LIKE A BULL LITERALLY.... {image} Perfect look at CHFJPY too... {image}
Technically 144 is possible but the problem is that to get there eurusd should likely break 1400. This is possible too. However it should be wise to expect some form of intervention at that level. 144-5 is a good entry point for shorts.
  • #1,262
  • Mar 6, 2014 3:49pm Mar 6, 2014 3:49pm
Quoting Greener
{quote} Technically 144 is possible but the problem is that to get there eurusd should likely break 1400. This is possible too. However it should be wise to expect some form of intervention at that level. 144-5 is a good entry point for shorts.
Not necessarily

But U/J around 104.00, E/U 1.385 = E/J 144.00
  • #1,263
  • Mar 6, 2014 4:33pm Mar 6, 2014 4:33pm
gone vertical on chart
theoretically like stockmarket, no limits or resistance to jpy pairs once yield hunting begins.
now depends on when central banks intervene
this high EUR is bad for eurozone.
  • #1,264
  • Mar 6, 2014 5:03pm Mar 6, 2014 5:03pm
Quoting Ken A
{quote} Not necessarily But U/J around 104.00, E/U 1.385 = E/J 144.00
today bullish breakout was spectacular so I believe we will see new highs soon. It looks like Eurozone needs a permanent crisis to solve its problems so new highs be. I still believe one of these days we should expect some surprise from the JPY which has been out of the equation for too long now. Fears of a potential conflict involving EU and US should support the JPY.

Draghi today stressed on the big impact of high exchange rate on inflation from 2011 to present. He also forecasted a 1.5% rate of inflation for 2016 which makes me jump to the conclusion that high exchange rates will be a constant in Eurozone.
  • #1,265
  • Mar 7, 2014 2:40am Mar 7, 2014 2:40am
Price Relativism: update (from here)

Euro Yen vs S&P 500 (continuous)

Heads Up

H4
Attached Image (click to enlarge)
Click to Enlarge Name: EJ to ESM Price Relative H4 03.07.04.png Size: 45 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #1,266
  • Mar 7, 2014 3:59am Mar 7, 2014 3:59am
try recover my lost yesterday..and this day seem good enough to me so far..
the true currencies here is patience and react precisely
  • #1,267
  • Mar 7, 2014 4:07am Mar 7, 2014 4:07am
outside the channel for now, still holding on to a light long.....eager to short, but waiting for more development....
Attached Image (click to enlarge)
Click to Enlarge Name: 03-07-2014 price outside channel.png Size: 121 KB
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,268
  • Mar 7, 2014 5:46pm Mar 7, 2014 5:46pm
as you can see in the chart attached the best point to entre short is now , with stop the last top at 145 for target not less than 134
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-alpari-temp-file-screenshot-13438-png.png Size: 33 KB
  • #1,269
  • Mar 7, 2014 6:40pm Mar 7, 2014 6:40pm
Quoting WaylDz
as you can see in the chart attached the best point to entre short is now , with stop the last top at 145 for target not less than 134 {image}
I hope you are right I am very short on Eur/jpy at 142 and 141.5
  • #1,270
  • Mar 7, 2014 7:03pm Mar 7, 2014 7:03pm
this exchange rate up over 50% in 2 years.
how much gas is left in the tank
banks have pushed it to the absolute limit
considering there is no carry trade here
EUR interest rates are zero
gain looks very speculative
EUR looks extremely expensive here(us interest rates and eur about same projected, yet EUR 39% premium to USD????)
  • #1,271
  • Mar 8, 2014 2:31am Mar 8, 2014 2:31am
Quoting Ken A
{quote} Not necessarily But U/J around 104.00, E/U 1.385 = E/J 144.00
Quoting Greener
{quote} today bullish breakout was spectacular so I believe we will see new highs soon. It looks like Eurozone needs a permanent crisis to solve its problems so new highs be. I still believe one of these days we should expect some surprise from the JPY which has been out of the equation for too long now. Fears of a potential conflict involving EU and US should support the JPY. Draghi today stressed on the big impact of high exchange rate on inflation from 2011 to present. He also forecasted a 1.5% rate of inflation for 2016 which makes me jump to...
It was close on Friday, U/J was stalling and unable to cross 103.80 and the demand for E/J was close to 143.80 dragging E/U up and 1.3850 became suport. Not saying that E/U was greatly affected by E/J but on Friday can be seen AUD also impacted E/U thru EUR/AUD (sell AUD - buy EUR).

IF, no global risk aversion (Ukraine - Russia or from China), expecting E/J to touch last highs (23.6% to go) or even HH.

E/J Daily
Attached Image (click to enlarge)
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U/J Daily
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  • #1,272
  • Mar 8, 2014 2:41am Mar 8, 2014 2:41am
EJ is expected to see 40-50 PIPs correction than a resumption to the upside with first TP at around 145.50 levels.
There is further JPY weakness expected.
Both weekly and Monthly chart suggest a more upside room in various JPY pairs.
Good Luck!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #1,273
  • Mar 8, 2014 2:52am Mar 8, 2014 2:52am
No argument there, if things are going good without risk aversion the monthly will be trading in the blue zone.

Expected Resistance around 147.80

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 36 KB
  • #1,274
  • Mar 8, 2014 4:44am Mar 8, 2014 4:44am
Quoting Ken A
No argument there, if things are going good without risk aversion the monthly will be trading in the blue zone. Expected Resistance around 147.80 {image}
Yap. I agree with your analysis as well.....nice charts
  • #1,275
  • Mar 8, 2014 5:37am Mar 8, 2014 5:37am
look friends i have a failure point scenario which is the broken of the 3rd up wave , the last top at 145 if this point broked will have Flat here and i don't thing att all that we'll have a flat here i think is D3 due the divergence between some insider wave
even i have another scenario which is up for more 50 pip to complete xx) & z) , but i m start selling now i can't wait any more
and this is another chart , and we have here a gartley pattern
Attached Image(s) (click to enlarge)
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  • #1,276
  • Mar 8, 2014 6:06am Mar 8, 2014 6:06am
yes sure that the personal opinion can't move the markets , but i have give you my idea through all my technicals systems , to do not go the wrong direction that's all , we're here to make money so we have to
  • #1,277
  • Mar 8, 2014 7:33am Mar 8, 2014 7:33am
Quoting Ken A
No argument there, if things are going good without risk aversion the monthly will be trading in the blue zone. Expected Resistance around 147.80 {image}
Looks correct to me but the entity of that red candle makes me think that the uptrend will be a bit bumpy.
  • #1,278
  • Mar 8, 2014 6:19pm Mar 8, 2014 6:19pm
Quoting Ken A
No argument there, if things are going good without risk aversion the monthly will be trading in the blue zone. Expected Resistance around 147.80 {image}
Since i'm a huge fan of candlestick pattern, bearish engulf on monthly should be in play now... the invalidate point will be last high and min target 129.xx :-)
Equities open and promptly sell off
  • #1,279
  • Mar 9, 2014 7:10am Mar 9, 2014 7:10am
Quoting nsb
{quote} Since i'm a huge fan of candlestick pattern, bearish engulf on monthly should be in play now... the invalidate point will be last high and min target 129.xx :-)
For the last 1,5 year I heard many dreamers about JPY pairs. Go tell stories to kids or try yourself in painting instead of giving these charts. It will be 147, then it will be 157, 167. maybe after 2 year trend may change but now and for the last 1,5 years it is the strongest bullish trend im forex market...
  • #1,280
  • Mar 9, 2014 9:03am Mar 9, 2014 9:03am
Quoting delpiero
{quote} For the last 1,5 year I heard many dreamers about JPY pairs. Go tell stories to kids or try yourself in painting instead of giving these charts. It will be 147, then it will be 157, 167. maybe after 2 year trend may change but now and for the last 1,5 years it is the strongest bullish trend im forex market...

Don't be so sure... we will see in the next 2 months or less my short target min is 134.xx ... but anyways.... it's your money... you can say it will shoot to 200.xx :-)... but... please don't insult other people... it will turn you really ugly :-)
Equities open and promptly sell off
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