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EUR/JPY

  • #2,021
  • Jul 13, 2014 8:10am Jul 13, 2014 8:10am
Quoting number15
~13 pips
Thats much better than -134.
  • #2,022
  • Jul 13, 2014 8:12am Jul 13, 2014 8:12am
Quoting BogiFX
{quote} JPY pairs can have a gap at this week opening because of the Earthquake.
Other then Zero hedge's flash there, I haven't seen or heard one word of it anywhere on the news. But the USGS map shows a 6.5 135km ESE of Namie, Japan 2014-07-11 15:21:59 UTC-04:00

At a depth of 10.5km, not likely to have much impact I would think.
Attached Image (click to enlarge)
Click to Enlarge Name: Japan Quake.PNG Size: 199 KB
Ghost Rider - WWTBMD?
  • #2,023
  • Jul 13, 2014 8:29am Jul 13, 2014 8:29am
Quoting albchr
{quote} Other then Zero hedge's flash there, I haven't seen or heard one word of it anywhere on the news. But the USGS map shows a 6.5 135km ESE of Namie, Japan 2014-07-11 15:21:59 UTC-04:00 At a depth of 10.5km, not likely to have much impact I would think. {image}
We'll see how market opens.
  • #2,024
  • Jul 13, 2014 8:53am Jul 13, 2014 8:53am
Will you be in?
Attached Image (click to enlarge)
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DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #2,025
  • Jul 13, 2014 9:41am Jul 13, 2014 9:41am
Quoting albchr
{quote} Other then Zero hedge's flash there, I haven't seen or heard one word of it anywhere on the news. But the USGS map shows a 6.5 135km ESE of Namie, Japan 2014-07-11 15:21:59 UTC-04:00 At a depth of 10.5km, not likely to have much impact I would think. {image}
I live in Japan. There is no major news about earthquake as far as I know.
So I think not likely to have much impact, too....
  • #2,026
  • Jul 13, 2014 10:44am Jul 13, 2014 10:44am
Quoting Pipomagic
Will you be in? {image}
I think that 173,80 will hold and we will go down.
  • #2,027
  • Jul 13, 2014 8:06pm Jul 13, 2014 8:06pm
Quoting BogiFX
{quote} FF stuff posted this article http://www.forexfactory.com/news.php?do=news&id=494400
Thanks for the article, BogiFX.
  • #2,028
  • Jul 13, 2014 11:54pm Jul 13, 2014 11:54pm
Quoting csc2009
{quote} Thanks for the article, BogiFX.
Your Welcome .
  • #2,029
  • Jul 14, 2014 7:10am Jul 14, 2014 7:10am
Is it time to go short on eurojpy pair?
Attached Image (click to enlarge)
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  • #2,030
  • Jul 14, 2014 7:24am Jul 14, 2014 7:24am
Quoting raj23
Is it time to go short on eurojpy pair?{image}
I think we can go higher.
  • #2,031
  • Jul 14, 2014 7:29am Jul 14, 2014 7:29am
Quoting BogiFX
{quote} I think we can go higher.
any suggested levels?
  • #2,032
  • Jul 14, 2014 8:05am Jul 14, 2014 8:05am
Quoting raj23
{quote} any suggested levels?
138,50.But i think we will have on double top on H1.
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  • #2,033
  • Jul 14, 2014 8:47am Jul 14, 2014 8:47am
Quoting BogiFX
{quote} 138,50.But i think we will have on double top on H1. {image}
Lets see.
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  • #2,034
  • Jul 14, 2014 1:19pm Jul 14, 2014 1:19pm
Quoting BogiFX
{quote} Lets see. {image}
Double top worked good on H1 and we have a bearlish divergence on H4.Also CHF-JPY has the same set up. http://www.forexfactory.com/showthre...29#post7604429
Attached Image (click to enlarge)
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  • #2,035
  • Jul 14, 2014 2:31pm Jul 14, 2014 2:31pm
EurJpy on weekly has a flat bottom and lowering tops.
Technicals suggests a break to the downside.
Also on the weekly is a Bollinger Band Squeeze. Looking at higher timeframes( Monthly) the weight of the evidence is towards the downside.

The Monthly charts supports the break downwards as the market has topped out. The monthly RSI ( Settings 7) is making lower highs suggesting a pullback.
A break below 136.20 on the monthly will confirm the move downwards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurJpy weekly.png Size: 30 KB
Click to Enlarge Name: EURJPY monthly.png Size: 34 KB
Never Ever Give Up!
  • #2,036
  • Jul 14, 2014 2:36pm Jul 14, 2014 2:36pm
Weekly price accumulation at around 137.666 is bound to break.
About eight weekly candles have now tested this area. It will give way soon for a move to the downside.
Never Ever Give Up!
  • #2,037
  • Jul 14, 2014 2:44pm Jul 14, 2014 2:44pm
Strategy:

As soon as EURJPY breaks the level as stated above and price starts walking the lower Bollinger Bands on the weekly one can start looking for pullbacks on the daily and 4hourly to add to your short position.

Will exit all shots at plus minus 38% retracement on the monthly of the entire up move and keep one lot open until the trend reverse.

Comments are welcome :- )
Never Ever Give Up!
  • #2,038
  • Jul 14, 2014 4:15pm Jul 14, 2014 4:15pm
Back to testing the 138.40 area. If it breaks above then retest of 138.75. Still holding longs.
  • #2,039
  • Jul 15, 2014 6:59am Jul 15, 2014 6:59am
EURJPY likely to reverse from 138.45-50, following the symmetrical triangle pattern with downside support of 138. A break of 138.50 can fuel the pair towards 138.85 and 139 levels while a sustained trading below 138 can give support to 137.70 levels.
Attached Image (click to enlarge)
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  • #2,040
  • Jul 15, 2014 10:11am Jul 15, 2014 10:11am
The dollar traded higher against almost all G10 counterparts during European morning Tuesday. Appreciated against the AUD, NOK, EUR, CHF, JPY, CAD and SEK, respectively. Only depreciated against the GBP, while it remained virtually unchanged against the JPY.
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