EURJPY

Forex Trading: Yen Crosses collapse

Greg Michalowski — Mon, 06 Oct 2008 14:24:33 -0400

The Yen crosses have collapsed today as traders continue to liquidate the carry/risk trades and also move funds out of riskier countries like the UK, Eurozone. The ineffective weekend meeting in Paris of European leaders and central bankers, highlighted the inflexibility of the Eurozone. This has concerned the market. The central banks continue to ignore the implications of the credit crisis and the longer they do, the greater the risks.

Forex Trading: EURJPY Looking to Test Lows after Failing Trendline Resistance and Retracement Level

Basil Fayad — Tue, 30 Sep 2008 16:38:45 -0400

From H/L 169.95/ 147.02 EURJPY retrced to 38.2% Fibonacci Level at 155.70, attempted a break to the upside and failed for almost a week. Since then it has begun it's steady decline back to the low around 147.00/05 area and a break through that level could yield new lows. Keep your eye out for 147.00 unless we see some sort of reversal candle on the daily and if that levels breaks, look to it for new resistance on the pair's way back to new lows.

Forex Trading: Risk trades are being bought

Greg Michalowski — Fri, 19 Sep 2008 09:34:06 -0400

The rally in the GBPUSD, EURUSD is as much a function of the movement back into the risk trades as anything else. GBPJPY has soared from 191 to 196. EURJPY has soared from 1.5100 to 1.55000. NZDUSD is up from 0.6700 to 0.6880. Oil is up to over $100 again. gold is down $21

The volatility will continue. Remember, this is a marathon.

GBPUSD testing the highs from yesterday at 1.8275

Forex Trading: EURJPY moves back above the 200 week moving average at 150.20

Greg Michalowski — Fri, 12 Sep 2008 08:29:03 -0400

The EURJPY moved back above the 200 week moving average at the 150.20 level overnight. The break above this key level led to additional move higher through the 100 hour moving average. It has now moved back below the 100 hour moving average at the 151.14 level. This will be resistance on the upside today. On the downside the 150.20 level (200 week moving average) will find buyers against it, with stops below as we head into the weeks close.

Forex Trading: EURJPY breaks through the 200 week moving average

Greg Michalowski — Thu, 11 Sep 2008 08:33:08 -0400

Forex Trading: The EURJPY/EURUSD connection continues. This time to the downside

Greg Michalowski — Wed, 10 Sep 2008 11:04:30 -0400

The EURJPY cross continues to influence the market today - especially the EURUSD. The strong move higher which saw the pair rally from 150.14 to 152.42 in 65 minutes - took the EURUSD to the NY highs in the process (1.4136). The EURJPY has now reversed 61.8% of the move higher and held that level (at 1.5100). The move took the EURUSD down hard to new 11 month lows (1.4038) before the bounce higher. The volatility has traders scrambling back and forth

Forex Trading: The EURJPY bouncing higher. Moves EURUSD up with it

Greg Michalowski — Wed, 10 Sep 2008 08:56:05 -0400

The EURJPY and GBPJPY have both bounced sharply early on in NY trade. It is causing additional volatility in the EURUSD and the GBPUSD as a result.

The EURJPY tested the 200 week moving average at the 150.24 level. The bid at the level immediately forced the pair sharply higher. The pair moved up 150 pips in less than an hour and is now up on the day. This has forced the EURUSD up. USDJPY has also found a bid as market makers scramble to cover the exposure.

Forex Trading News: Support Holding for EURJPY

Mr. Danish FX — Wed, 10 Sep 2008 06:54:29 -0400

After the recent bear move for the EURJPY, the pair has consolidated in a nice trading range overnight. The pair has found nice support around the 150.60 level which has been tested 5 times already this month (starting Sep. 5) looking at the below 4-hour chart. The pair is creeping back down to this support behind the comments earlier regarding the EU lowering the EUROZONE GDP outlook.

Forex Trading News: EURJPY Falls to 13 Month Lows

Mr. Danish FX — Fri, 05 Sep 2008 02:53:34 -0400

Earlier in the session, behind the US stock market dropping significantly in the NY session, traders quickly fled their carry trades bringing the EURJPY down to 13 month lows. The JPY was able to make large gains across the board making two year highs vs. the AUD and NZD as well.

Forex Trading - EUR/JPY Looking to Test the Short-Term 61.8% Retracement

Alex Chernomordin — Fri, 01 Aug 2008 03:16:15 -0400

In reviewing the Euro Yen pair into the Japanese close and the European open, we notice the pair trading heavy, with the Yen trading better across the board. Examining the 4 hour chart from the lows to the highs for July, we notice the Yen testing the 61.8% retracement level above the 167 handle. Please note the pair has broken the 38.2% and 50% retracement levels as well as the 200 day moving average the first day of August.