The cross is below 118 again and we cannot complain about lack of volatility. We must have travelled about 30 big figures in the last 4 days. The talk earlier in the day was of Sovereign bids starting in the EUR/USD at 1.2650, so let’s wait and see if they emerge.
11 Responses to “EUR/JPY sell-off picking up steam”
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AUTOREFRESH 
EURUSD talk of Sell Stops below 1.2700
aud/jpy looks ready to break support as well…
Sean,
What is your take on AUD/USD in coming days?
I’m totally short and totally biased George so if you want an objective view then you’ll have to ask someone else. I think it falls heavily in coming weeks and AUD/JPY also. If AUD/USD gets back above 9100 then I start covering
hi JR,
Good to see you back. What is the support on AUDJPY that you’re referring to?
on other note, need to pick up your brain, if you could kindly e-mail Hart?
Thanks
PS : I am haflway through Trading Wizzards and I must say its a great read. thanks for the reference. Cheers
Following up from last week’s collapse, AUDUSD has again gone below both its 100-day and 200-day averages after tracing out a correction. I expect the recovery from last week has ended and AUDUSD should go lower. 60% probability even below February low.
Shorted Aud/Usd at 90.20 spot on again Mr Lee Tks Mch!
Tks Hart/Jr for Eur/yen/Aud/yen shorts from yesterday!
Hey Puks, the levels I’m keying on, for the aud/jpy trade, are aud/usd .898, usd/jpy 92.7, and aud/jpy 83.3. And after you read “The Market Wizards”, then 1) “Inside the House of Money,” 2) “Getting Started with Technical Analysis,” and 3) “Forex Patterns and Probabilities” by Ed Ponsi will give you a solid foundation from which to view and interpret market dynamics. Cheers,
Thanks JR. Appreciate your help mate.
Thanks JR. Sounds like I have to check out those books too.
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