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EUR/JPY

  • #2,581
  • Nov 24, 2014 8:56am Nov 24, 2014 8:56am
If there is to be another leg in this correction I would think it would start around here at 147.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #2,582
  • Nov 24, 2014 10:09am Nov 24, 2014 10:09am
Quoting timingchain
on M15, EJ crossed EMA.20 at 145.76, holding so far took small long at 145.89
Limit out (tp) at 146.75, so missed further advance beyond 147. That's the problem with having to sleep.
  • #2,583
  • Nov 24, 2014 10:21am Nov 24, 2014 10:21am
shorted it today for 145... lets c

important speech tonight from GOJ Gov.


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Hero calls followed by margin calls...
  • #2,584
  • Nov 24, 2014 11:21am Nov 24, 2014 11:21am
The overall move looks very bullish to me. I´m still long from yesterday´s open. Also the clean and quick move above 147 was an indication of further rally
  • #2,585
  • Nov 24, 2014 5:04pm Nov 24, 2014 5:04pm
Time to sell guys, a move to near 143 is inminent, Japan cant stand an extremely oversold yen, technically speaking it recently broke the medium term bullish trend, and right now 147,5 is the resistance, good luck!
  • #2,586
  • Edited 6:35pm Nov 24, 2014 6:15pm | Edited 6:35pm
Quoting LuiSuarez
Time to sell guys, a move to near 143 is inminent, Japan cant stand an extremely oversold yen, technically speaking it recently broke the medium term bullish trend, and right now 147,5 is the resistance, good luck!
I dont know why you would short this trend to be honest... They just approved a further easing till they achieve the 2% inflation target... So i don't understand what you mean by sell
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  • #2,587
  • Nov 24, 2014 6:52pm Nov 24, 2014 6:52pm
Quoting LuiSuarez
Time to sell guys, a move to near 143 is inminent, Japan cant stand an extremely oversold yen, technically speaking it recently broke the medium term bullish trend, and right now 147,5 is the resistance, good luck!
M15: price broke below EMA.20 at 147.15 & continues down.

IMO, J leads E in the big race to the bottom. It looks like the immediate down move will continue some, but I will not short it.
  • #2,588
  • Nov 24, 2014 7:12pm Nov 24, 2014 7:12pm
just a few excerpts from Kuroda from a Speech at a Meeting with Business Leaders in Nagoya

"Therefore, the Bank has considered it necessary to pursue monetary easing
more powerfully under the QQE, as well as to reiterate its unwavering resolution to
achieving the price stability target of 2 percent at the earliest possible time through its
action. "

"Specifically, the Bank decided upon the following measures. First, it will accelerate the
pace of increase in the monetary base by about 10-20 trillion yen, from "an annual pace of
about 60-70 trillion yen" to "an annual pace of about 80 trillion yen."
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #2,589
  • Nov 24, 2014 7:15pm Nov 24, 2014 7:15pm
i cant imagine they would flip flop on what they have stated previously in the upcoming report...
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #2,590
  • Nov 25, 2014 6:34pm Nov 25, 2014 6:34pm
The bulls need to break above 147.30 to be able to extend the recovery.
  • #2,591
  • Nov 26, 2014 12:37pm Nov 26, 2014 12:37pm
shorted 147.35
TP 140 until the end of january
  • #2,592
  • Nov 26, 2014 2:52pm Nov 26, 2014 2:52pm
Quoting artocarpus
shorted 147.35 TP 140 until the end of january
Short ?

Prices can go back down again but I expect a break out upward. The question is : do we have actually a break out or not ?
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  • #2,593
  • Nov 26, 2014 5:07pm Nov 26, 2014 5:07pm
Yen seems failed to hold to the gains, we can find immediate resistance at 147.40.
  • #2,594
  • Nov 27, 2014 1:13am Nov 27, 2014 1:13am
Quoting MaximeCau
{quote} Short ? Prices can go back down again but I expect a break out upward. The question is : do we have actually a break out or not ? {image}
Move my SL 147.5
Draghi want more weak euro, but abe last friday said yen weakening enough
It is more simple than complicated technicals
I'm expecting more big sell off today and tomorrow on EJ than last friday

Good luck to you
  • #2,595
  • Nov 27, 2014 3:43am Nov 27, 2014 3:43am
EJ Sell limit @ 147.60/80..TP 144.30
  • #2,596
  • Nov 27, 2014 3:46am Nov 27, 2014 3:46am
Quoting Barca
EJ Sell limit @ 147.60/80..TP 144.30
Today is selling day
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  • #2,597
  • Nov 27, 2014 9:18am Nov 27, 2014 9:18am
Quoting Petr.K
{quote} Today is selling day {image}
nope . Range continues... Possible break out upward.
  • #2,598
  • Nov 27, 2014 9:33am Nov 27, 2014 9:33am
Quoting MaximeCau
{quote} nope . Range continues... Possible break out upward.
Good call!
Less is more...
  • #2,599
  • Nov 27, 2014 1:22pm Nov 27, 2014 1:22pm
Quoting ajantala
{quote} Good call!
I agree. EUR/JPY seems to be sitting at support level. Looking at that, I would alter my view from s/t bearish to just bullish.
  • #2,600
  • Nov 29, 2014 3:21am Nov 29, 2014 3:21am
Looking for a sell limit near 148.70 area sometime next week for a wave c down of a typical flat correction [iv].
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