EUR/JPY
« Previous EntriesEUR/JPY - Setup For 18-Year High
Wednesday, June 25th, 2008Euro-Yen, EUR/JPY - a fast becoming popular cross in the forex trading community has set itself up for an eighteen-year-high of 188.09. Click chart to Enlarge.
In recent months this cross has been consolidating for this move. A few weeks back we blogged about lack of direction - EUR/JPY At Crossroads. What a great difference a […]
EUR/JPY At Crossroads
Tuesday, May 6th, 2008EUR/JPY is currently dating at crossroads wondering which way to go on the mid- and long-term charts. Will it reach for the stars or take to the pits?
In the monthly chart above, the EUR/JPY has developed a wedge over the trendline. Since it’s seasons high of 168.93 in July of 2007, the cross has oscillated between 149.93 […]
EUR Declines On Morning Trades
Thursday, April 24th, 2008Is this the first sign of the EUR crack in an overbought and overpriced currency? For two consecutive sessions running, it seems the EUR is experiencing two consecutive days of decline.
After the Asian session this morning, the European session opened tentatively with the German Ifo Business Climate Index Report lurking at 8am GMT.
The report fell short of expectation as indicated […]
EUR Retests Two Weeks High
Monday, March 31st, 2008The Euro, EUR/USD retested the high of the last two again at 1.5890. In this current market conditions is the EUR dollar buoyance sustainable?
While the Euro zone economists are still playing the wait and see policy, they might find this straining other areas of the economy. This is similar to the one adopted in recent years by […]
EUR/JPY Trading Within Itself
Wednesday, March 26th, 2008Euro-Yen, EUR/JPY trading within itself since the open from holiday yesterday. Today’s morning action was a whipsaw which lacked directional aftermounth.
The cross has vaccillated between 38.8 and the 50.0% pivot lines on the Fibo all morning since the 9.am spike.
I was taken out from my long position by the whipsaw at 156.06 this morning with […]
