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EUR / JPY (EURJPY)

Gigantictrade · 24 · 12160

Gigantictrade

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on: Feb 27, 2010, 12:33 PM
Hello guys,


Few weeks back the euro has been bombarded by negative fundamentals which resulted in risk aversion and diverted traders/investors to USD and JPY as safe haven currency. Not for long Japan will soon be the next point of attention since it is having some trouble with it's debt that is greater than it's GDP. I am looking at EUR/JPY  as the best pair to watch since among the crosses it is one of the most undervalued pair. I am looking at this pair to tap 210.00 level within this year. Please leave your comments.
« Last Edit: Aug 01, 2010, 03:42 AM by FutureGizmo »


daworm

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Reply #1 on: Feb 27, 2010, 10:53 PM
I doubt.

Where did you find the news about Japan?

If EURJPY hit 210 and  EURUSD is at parity with the dollar anytime this year it means that USDJPY will be somewhere at 210 as well.

For the past 20 years EURJPY never reached past 188 and USDJPY 161.

But in case Japan will really be having trouble, I rather go long AUDJPY than EURJPY


Gigantictrade

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Reply #2 on: Feb 28, 2010, 07:19 PM
I always listen to bloomberg when I am trading despite of being a technical trader. It's good to know what's the market sentiment since fundamentals usually reflects the long term movement of the market. Here's the link to bloomberg online: http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
















Posted on: Feb 28, 2010, 07:11 PM
I can sense violence in the forex market soon. I guess this is the first time that USD and JPY don't go together. AUDJPY is good but  it's exchange rate this time too high already. The USD could strengthen more which would tend gold to fall and therefore drag AUD down. The market would become  tangled this time so I switched my strategy from position trading to scalping. Wild market behavior is  best for scalping strategy.


SirYuri90

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Reply #3 on: Mar 01, 2010, 09:17 AM
As for me, the overall trend is still down. Only looking for short entries (conservative).


Gigantictrade

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Reply #4 on: Mar 01, 2010, 10:50 AM

As for me, the overall trend is still down. Only looking for short entries (conservative).


Thanks for you comment...


beast_master

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Reply #5 on: Mar 01, 2010, 05:12 PM


Gigantictrade

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Reply #6 on: Mar 02, 2010, 08:23 PM
A news just came out in bloomberg that a group of Hedge Fund Manager convene last February and one of their agenda is to short EURO and Long on USD. This would also mean some more downward move on EUR/JPY.


Gigantictrade

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Reply #7 on: Mar 03, 2010, 08:37 AM
Technically there is still enough room for a fall around 116.50 level


SirYuri90

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Reply #8 on: Mar 03, 2010, 11:47 AM
@ Gigantictradea, malaki pa nga room to go down... PA is crabbish these days... lthough the main trend is down, if PA breaks 121.XX its a good call to go long and I might hold upto 122.XX . However, if it breaks 119.XX time to short. I'll just stay on the sidlines for awhile.
« Last Edit: Mar 03, 2010, 11:51 AM by SirYuri90 »


Gigantictrade

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Reply #9 on: Mar 12, 2010, 05:53 PM
Japan announced to devalue it's currency to help economy.


SAGAD

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Reply #10 on: Feb 24, 2012, 12:07 PM
let's try to stir this pair up as it has been very kind to me for the past weeks...

feb 21 was an NR 4...

limit order was placed at 106.10...

currently at +118 pips...

anyone care to call the shots on this pair?


faith1013cedy

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Reply #11 on: Feb 24, 2012, 10:08 PM
well for me the pair is hyper extended....looking for a short entry....gigil na gigil na....


SAGAD

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Reply #12 on: Feb 25, 2012, 08:42 AM
well for me the pair is hyper extended....looking for a short entry....gigil na gigil na....

why hyper extended? bec of the 7 consecutive up days? 

Post Merge: Feb 25, 2012, 08:44 AM

limit order was placed at 106.10...



closed at the week's close at 109.15...

same what faith said above, it's bound for a pullback...

we'll see...
« Last Edit: Feb 25, 2012, 08:44 AM by SAGAD »


faith1013cedy

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Reply #13 on: Feb 25, 2012, 09:07 AM
as far as i could see there is little steam pushing upwards ,trying to feel where the profit taking will take place so i could jump in...but as we all know trying to pick where its gonna be is a dangerous game,so medyo kabado kaya half position lng muna if the sign comes up...scale in na lng after magslide talaga...well this weeks over got my report out from my account nasunog ko lahat ng profit ko this whole month with this pair...hu hu hu....

Post Merge: Feb 25, 2012, 09:10 AM
sarap naman nun profit mo...penge?(joke)
« Last Edit: Feb 25, 2012, 09:10 AM by faith1013cedy »


SAGAD

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Reply #14 on: Feb 25, 2012, 09:23 AM

sarap naman nun profit mo...penge?(joke)


sure thing...meet mo ako mamaya...pakalango tau sa alak tapos mambabae tau :thumbsup2

sama na  natin cla jmiyake at FE... :rakenrol:

Post Merge: Feb 25, 2012, 09:27 AM
...well this weeks over got my report out from my account nasunog ko lahat ng profit ko this whole month with this pair...hu hu hu....


well, it happens even to the best in the business... :cool2:
« Last Edit: Feb 25, 2012, 09:27 AM by SAGAD »


 


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