Thread: Daily EUR/JPY analysis

Half position after 50 pips as usual then I believe we could hit 171
Eur is bad but jpy is a lot worse look at yen index.
I'm still buying wherever it goes.

Originally Posted by ;

Half position after 50 pips as usual then I think we could hit 171
Eur is bad but jpy is a lot worse seem at yen index.
I'm still buying wherever it belongs.

Yen index? What do you think of the fundamentals? Yen is in great shape, banks lost $20B in loans. Eur so much over $200B lost. Eur lowering rates soon, Yen can't, lol. Guess maybe I'm months before myself?

Extended 169.24 TP 169.65

Originally Posted by ;

Yen index? What do you think about the fundamentals? Yen is in good shape, banks dropped $20B in bad loans. Eur far over $200B dropped. Eur lowering rates soon, Yen can't, lol. Guess maybe I'm months before myself?

Imo eurjpy will probably be driving by stox, til 171-172
As u know I am not a economist(fundies)
I am strictly tech and also have seen this behavior many times before.

Originally Posted by ;

man.. .today was horrible, got screwed three times with this pair

View your SL's. This thing ranges SL's being put in by so far its worthless. Open and close these transactions.

Originally Posted by ;

Imo eurjpy will probably be driving by stox, til 171-172
As u know I am not a economist(fundies)
I am strictly tech and have seen this behavior many times before.

I'm too to the fundies. I enjoy being on this board since everyone is a technician trader supplying my levels of knowledge. Thanks guys!

iam happy

One more time longed eurjpy and usdjpy after apparent sign
stoxx upward

Some1 is extended? .
Am long, sl 168.98 tp169.69
what u believe??
abd

Originally Posted by ;

Believe it can't get beyond 170? Think again. Eur/Jpy should be by the year's close. The sole currency the USD has gained on is the yen. CHF/JPY broke highs each of the pairs are now bullish against the yen as well. EJ has been bullish for 7 decades, and the last year was a small correction and it's done consolidating and ought to be heading up to 200 . Look at Monthly months of direct bullish. I am not now, and will not be moving long at this price, just stating. JMO

I've been burnt many times believing plogical obstacles or all-time highs are unbreakable therefore I concur that it is very possible. However, I guess I'm trying to see if there is an expected trigger or news item that I'm missing that will push it on the top in the short term (i.e. in the next day or two).

I'm seeking to escape this place at a safe 167 area (when I don't get greedy or stupid) and was hoping the general consensus was that it is prone to further consolidate or retrace before that activate ( whatever it is).

Can you see it breaking the 170 within that time frame and if so is there something on the charts or the news which could provide this indiion.