June 1st, 2009 17:22:33 GMT

USD/JPY, EUR/JPY levels to watch above the market

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EUR/JPY came within a quarter JPY of the highs posted in early April at 137.43 today while USD/JPY has the 200-day average to contend with at 97.05. That average was rejected with a vengeance on Thursday of last week.

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June 1st, 2009 01:14:41 GMT

EURJPY sold into Tokyo fix

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Stops below 134.20 were triggered as exporters sold the cross going into the Tokyo fix earlier. Japanese traders tell me that support now lies in the mid 133′s where the base of the hourly Ichimoku cloud lies.

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May 31st, 2009 20:49:16 GMT

Order Books- not much USD buying about

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EUR/USD sees a mixed bag of sellers and stops until 1.4300/50 when I’m told there are some heavy sell orders. Buyers on the day at 1.4050. USD/JPY bids at 94.80. EUR/JPY has little activity on the order books around 135 … Continue reading

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May 28th, 2009 22:28:14 GMT

EUR/JPY technicals

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The problem with technical analysis is that it is largely subjective in nature and one mans’ sell signal is another mans’ buy! I’m looking at this pair through unashamedly bullish eyes. I see a medium term base on the 129 … Continue reading

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May 27th, 2009 21:28:09 GMT

EUR/JPY technicals

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Short term momentum has turned bearish. Hourly support is at 131.45 and a clean break below there should target 130.20 or even the wedge support line at 128.30.

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