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 [...]
USD, Dollar Gains Reprieve
Tuesday, April 1st, 2008USD, dollar gained a stay of execution today amid recent challenges. USD/JPY ChartIt fared very well against other currencies especially the yen, JPY. At some point today it was +241 pips up. An experience that has not been for a while. It also held grounds against the EUR while the pounds, GBP vaccillated within +100 pips range.
EUR/JPY Trading Within Itself
Wednesday, March 26th, 2008Euro-Yen, EUR/JPY trading within itself since the open from holiday yesterday. EURJPY chartToday’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 an entry of 156.46. I lost -40 pips.
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