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Article
EURJPY Looks Constructive
Thursday, 08 October 2009 21:06:02 GMT
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Previous Articles
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- Friday, 16 October 2009 16:40:51 GMT EURGBP Short Term Decline Overdone
- Thursday, 15 October 2009 22:59:12 GMT USDCAD Rally Just a Correction
- Thursday, 15 October 2009 21:11:29 GMT Daily Pivot Points
- Thursday, 15 October 2009 07:56:53 GMT EUR/USD Sell Recommendation Issued @1.5035 (Daily Classical)
- Wednesday, 14 October 2009 21:09:33 GMT Daily Pivot Points
- Wednesday, 14 October 2009 06:46:55 GMT Euro Surge Exposes Psychological Barrier (Daily Classical)
- Tuesday, 13 October 2009 21:26:26 GMT EURGBP Rolls Over
- Tuesday, 13 October 2009 21:26:23 GMT Daily Pivot Points
- Tuesday, 13 October 2009 07:47:43 GMT Euro Double Top Prospects Intact (Daily Classical)
- Monday, 12 October 2009 21:00:42 GMT Daily Pivot Points
- Monday, 12 October 2009 07:35:23 GMT Euro Carving Double Top (Daily Classical)
- Friday, 09 October 2009 01:07:54 GMT Dollar: Something Has to Give
- Thursday, 08 October 2009 21:01:54 GMT Daily Pivot Points
- Thursday, 08 October 2009 06:28:39 GMT Prospects Fade for USD Bulls (Daily Classical)
- Wednesday, 07 October 2009 21:47:48 GMT GBPUSD Triangle Pattern Before BoE
- Wednesday, 07 October 2009 21:07:26 GMT Daily Pivot Points
- Wednesday, 07 October 2009 06:41:58 GMT Euro Stops Narrowly Averted (Daily Classical)
- Tuesday, 06 October 2009 06:56:11 GMT USD Convictions Being Tested (Daily Classical)
- Monday, 05 October 2009 21:08:32 GMT Daily Pivot Points
- Monday, 05 October 2009 07:34:09 GMT Euro Short in Play @1.4625 (Daily Classical)
The EURJPY looks cnstructive. Long lower wicks on the daily chart are bullish evidence as is today's inside bar at the triangle line (see yesteday's crosses for construction of that line). On the hourly chart, an inverse head and shoulders pattern is visible. Price has also crosses above its 120 hour average (eqivalent of 5 days and something that I like to use for entries). Bulls are in control above 129.50 and short term support is likely at 130.50 and 130.15.
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