There goes another one…..

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Yep another barrier bites the dust.. EUR/JPY this time,  hitting highs of 108.07 (EBS) on that last run up in the EUR/USD  to 1.3042,  triggering  buy stops  in the cross through 108.00.

Next level of note  upstairs is tech res at the 108.40 highs from April 5.

Cross currently sits at 108.04

UPDATE: Being told the M/East were the notable buyers in the cross on that move..



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Pete Jackson


  1. As I indicated bear trap was formed 2 days ago and now this baby will sky rocket over 110.00 before Friday!!!!

  2. Pete, assuming a rise of the USD/JPY to the 84ish area and then a correction, how low can we go? Will 83 be the barrier be an as strong support as it is a barrier in your eyes?

  3. i think JPY not planing weaker before refresh alltime high XAUJPY


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