Tag Archives: EUR/JPY

Bernanke To Explain Economic Policy, BOJ Meeting To Impact Yen

BERNANKE IS GOING TO EXPLAIN HIS ECONOMIC VIEWOn May 22nd Mr. Bernanke will be heard by the Fed, and will show the state of the economy, in addition to the publication of the minutes of the recent policy meeting (FOMC). … Continue reading

Posted in Investing | Tagged | Leave a comment

Lack Of Commitment …

Just as I thought there may be a slim chance of dollar gains, it pulled back right at the very brink, and turned its nose up to slip lower. I’ve been working with two basic scenarios, but looking for the … Continue reading

Posted in PRO | Tagged | Leave a comment

Euro Weakness May Be Short-Lived

ASIA/EUROPE FOREX NEWS WRAPPolitical issues haven’t been a main driver of Euro weakness in the past several months, with the Greek elections and Spanish bank bailout last June being perhaps the last major political issues to truly have an influence. … Continue reading

Posted in Stock price | Tagged | Leave a comment

Constructive Progress

Yesterday saw dollar losses resume. It hasn’t really tested the lows with any vigour, but the progress has been constructive in terms of ratio projections. If nothing else the fact that we have these ratios enables a clearer picture of … Continue reading

Posted in Investing | Tagged | Leave a comment

EUR/JPY: Seeking A Top?

Currently we are at 100.17 after the break north of the wedge. We are looking for a bullish continuation to the Day chart Top area at 132.67-74. The average daily true range (ATR) for the pair currently is 122 pips. … Continue reading

Posted in Market | Tagged | Leave a comment

EUR/JPY Outlook: September, 2 2013

EUR/JPYThe pair remains in near-term sideways mode, with the price attempting at the upper border of 129.28/130.54 range. The price recovered quickly after last Friday’s dip below 129.64 that posted fresh one-week low at 129.28, with Monday’s gap higher opening. … Continue reading

Posted in Forex | Tagged | Leave a comment

EUR/JPY: Near-Term Studies Are Positive

EUR/JPYThe cross extends a rally from the 129.28 higher low, breaking through the trendline resistance at 132.20, to fully retrace 132.41/129.28 downleg. A break above the near-term congestion would signal resumption of larger upleg from 124.94, with clearance of 132.72, … Continue reading

Posted in Forex | Tagged | Leave a comment

EUR/JPY Outlook: September, 5 2013

EUR/JPYThe cross maintains a positive near-term tone as the price broke higher following brief 131.46/130.63 congestion. A fresh high was posted at 131.80, just ahead of 132.00, trendline resistance, clearance of which to signal completion of bullish pennant and open … Continue reading

Posted in Forex | Tagged | Leave a comment

EUR/JPY Forecast: September 4, 2013

EUR/JPYBIAS: While 130.85-95 supports we should see gains through to 132.16-47 and a later higherResistance: 131.27-38 131.85-90 132.16-47 132.73Support: 130.85-95 130.50-55 129.95-05 129.60-65MAIN ANALYSIS: We saw a sideways day yesterday in what appeareded to be a triangle that should’ve stall … Continue reading

Posted in Market | Tagged | Leave a comment

EUR/JPY Recover From Friday’s Low

EUR/JPYHourly structure remains positive as the pair started weekly trading with gap-higher opening, with session high at 131.84. Quick recovery of last Friday’s low at 129.88 keeps the upside in focus for repeated attempt at significant 132.00 barrier, where the … Continue reading

Posted in PRO | Tagged | Leave a comment