EUR/JPY

Agreed with the 138.90 and 138 levels; though, 138.35 will become intermediate support.

Just cant bear to tap that BUY button until it goes back to 135!!!!

Have confidence

For the short-term i expect the pair to first test 137.30 and then bounce back towards 138.80-85 area.

Eur/Jpy keep testing its key resistance level 138.80 on the back of Euro's strength, strong upside trend could continue as long as the price hold above the 137.80.

multiple doji here

buying...

Of all days.... u really decide to fall today!

Another round of QE for Japan would do more harm than good at these high exchange rate levels and the ECB will be dovish to keep equity markets afloat. I see a retest of 133 in the coming weeks. Many countries are gaming the deflation excuse now so they delay raising rates. Now the U.S. Fed is being rumored to not raise rates until March of next year.

Anyway we are in a repatriation phase for the yen and there has already been some strong unwinding of these trades. Good to see a EUR/JPY thread here that has active participants. The Euro/Yen Institute thread founder got his FX factory membership revoked. He began advertising and I think charging money for a trading system. He had many, many followers. Hope it worked.

SHORT from 137.27

I agree Temujin. There is much more potential for a move higher for the Yen.

EUR/JPY testing daily rising trendline. Really nice price action.

Perhaps a small bounce from here to sell into... around 137 should be interesting.

Could be buying or selling here...best to wait for a breakout IMO

The Euro has been reduced to a funding currency by design. No longer can multi millionaires park tons of cash in European banks and expect an interest return. Banks in turn that store excess euros at the ECB get charged. It forces the rich into the equity markets and makes banks loan. This is all a good scheme to inflate the DAX and European indexes. It expands credit; car loans, mortgages etc. so captains of industry can grow rich with the shareholders and the middle class go into debt servitude for years.

EURO and the YEN, LOL! It's one funding currency vs. another. You can buy and sell this pair.

I can only sell. Flight to safe haven... I am adding to my already numerous shorts here at 136.

Already +30 pips lower. Moving stop to 136.05.

Out in 135.60 for +40 pips. Good night ;-)

Nice one Sophie! What a wild ride last week.

It was quite a move this last week.

Indeed. We have a very interesting triple test of 135.50 so the market could test offers above 136.60 this coming week. Would be excellent sell opportunity. Last week was a quite bearish week and we are likely to end the month with a doji kind candle again, third month running. So my bias is to the downside as it seems this 50% retracement holds and my test will be to let entries next week run a little longer than just +1R. I see potential towards 120 again...

Eur/Jpy is bouncing along with the prices back above 135.00 level, but the pair seems remain the risk on the downside.