Forex Charts
« 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 […]
USD JPY Makes Three Months High
Thursday, May 29th, 2008The USD, dollar has been on the ascendency in the last few weeks. With negative news of the first quarter beginning to filter through this is giving the dollar a reprieve amid recent woes.
The USD, dollar made a new three-month high of 105.88 on the USD JPY in the US trading session today. The pair […]
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 […]
GBP/JPY Support Broken
Tuesday, April 29th, 2008Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, […]
GBP/JPY Relinquish Morning Gains
Monday, April 28th, 2008GBPJPY maintained its last week’s bullish tone in the European session this morning. The rallies presented trading opportunities.
The move of the day started with a quote of 206.78/80 and quickly provided a +100 pips opportunites in less that two hours of trading. After an hour of further consolidation the market rose to a daily high of 208.63.
Downward correction ensued […]
