EUR/JPY

Forex Technicals: EUR/JPY testing days low at Figure 168.00

Basil Fayad — Thu, 26 Jun 2008 14:34:01 -0400

EUR/JPY testing low again after a bullish Japanese candlestick formation (bullish engulfing) at 168 formed on the intraday chart. The pair retraced from the day up to 168.34 which was 23.6% retracement from move today at 169.45 to low at 168. Look for a retest of the low and should pair break through this psychological/technical resistance could send new lows for the day

Forex Trading: EUR/JPY continues to get sold off as GBP/JPY resumes its offered tone...

Michael FX — Mon, 02 Jun 2008 07:14:39 -0400

EUR/JPY continues to get sold off as GBP/JPY resumes its offered tone. Next technical support level is 162.65. With JPY as bid as it has been all night, that doesn't seem too out of the realm of possibility.

Forex Trading: EUR/JPY bid kept higher by a sell off in the JPY counters...

Michael FX — Wed, 28 May 2008 04:46:21 -0400

EUR/JPY bid kept higher by a sell off in the JPY counters. USD/JPY & GBP/JPY are bid, making EUR/JPY temporarily impervious to a Euro sell off.

Forex Trading: EUR/JPY seeing some profit taking after spiking higher...

Michael FX — Tue, 27 May 2008 04:35:04 -0400

EUR/JPY seeing some profit taking after spiking higher. This is in spite of a strong EUR/USD sell off after data out of Germany. We may see EUR/JPY offered back to the trendline shown.

Forex Trading: EUR/JPY breaking much lower from its consolidation pattern over London...

Michael FX — Fri, 23 May 2008 06:17:00 -0400

EUR/JPY breaking much lower from its consolidation pattern over London. Though at this point stochastics make it look like it may try to make a little recovery.

Forex Trading: EUR/JPY paid on the back of a stronger component...

Michael FX — Wed, 21 May 2008 04:58:53 -0400

EUR/JPY paid on the back of a stronger component. It's not too frequent lately where we see moves like these, meanwhile EUR/JPY shows no signs of stopping....

Forex Trading: EUR/JPY bid on the back of a stronger Euro component...

Michael FX — Tue, 20 May 2008 03:45:06 -0400

EUR/JPY bid on the back of a stronger Euro component post Producer Prices out of Germany. Both EUR/JPY and its EUR/USD component are near some fair psychological resistance and may see some profit taking around these areas.

Forex Trading: Bouncing again from the formation pattern, EUR/JPY follows the next wave of JPY selling...

Michael FX — Mon, 19 May 2008 05:38:22 -0400

Bouncing again from the formation pattern, EUR/JPY follows the next wave of JPY selling, trying to gain some ground perhaps to the upper resistance level shown.

Forex Trading: EUR/JPY in a consolidation pattern here and may perhaps to retest lower formation support...

Michael FX — Mon, 19 May 2008 02:45:25 -0400

EUR/JPY in a consolidation pattern here and may perhaps to retest lower formation support.

Forex Trading: EUR/JPY seeing some JPY offers as it spikes higher along with its GBP/JPY counter part...

Michael FX — Fri, 16 May 2008 05:41:00 -0400

EUR/JPY seeing some JPY offers as it spikes higher along with its GBP/JPY counter part.