February 27, 2013
EUR/JPY: Short-term wedge with parameters at 119.20/120.70
Trade IdeasJPY crossesTechnical Analysis
The hourly chart is forming a wedge pattern (I've posted it in the members) with parameters at…
February 27, 2013
No bright ideas emerging from today’s trade
JPY crossesFlows and OrdersAUD,NZDGBP crossesEUR/USD
AUD/USD: Still sitting above major option barriers and more to come at 1.0150. EUR/USD: Staying…
February 27, 2013
EUR/JPY: Retracement or reversal
On Monday I was 95% certain that we were due for a retracement, yesterday morning I was 100% sure…
February 26, 2013
Staying disappointingly quiet in Asian FX market
The Nikkei has proven itself to be very resilient, now only 1.7% lower, quite a strong performance…
February 26, 2013
EUR/JPY: Eyeing previous hourly lows as potential entry point
EUR/JPY has returned to 121.30 as the wild volatility continues and I'm looking to previous hourly…
February 26, 2013
EUR/JPY: Last night’s price action screams lower
Trade IdeasJPY crossesFlows and Orders
I'm seriously reassessing my medium term bullish EUR outlook after the price action overnight and…
February 26, 2013
USD/JPY: Back above 92.25
I think we can ignore this level now as a support/resistance pivot as it was breached by 100 pips…
February 26, 2013
EUR/JPY: Looking to sell rallies
I'm not sure where those rallies might be, but anything now around 122.50 must be considered a good…
February 26, 2013
EUR/JPY: Not much in way of technical support
Freefall continues in EUR/JPY and a quick look at the daily chart shows that there isn't much…
February 25, 2013
EUR/JPY: Still like the sell short-term rally play
I still like the Pennant formation in EUR/JPY (updated in Members) and this suggests that we…
February 25, 2013
EUR/JPY: Now looking to re-sell on rallies
I'm starting to feel 20 years younger with my day-trading hat on. I still firmly believe that this…
February 25, 2013
Retail market smashes EUR/JPY back down on open
Looks like the retail market agrees with me and we've seen a big dip in EUR/JPY right on the…
February 25, 2013
EUR/JPY: Small short position in play
Trade IdeasJPY crossesEUR crosses
Prices have reached the top of the Pennant formation which I've been tracking (see members) and…
February 25, 2013
EUR/JPY: Now almost 200 pips higher than the NY close
GBP crossesEUR/USDJPY crossesEUR crosses
Both EUR/JPY and EUR/GBP have made big moves higher and as I surmised last night, it's likely to be…
February 22, 2013
Not seeing too any obvious trades at the moment but Steven’s comments on Yen are interesting
The comments from the RBA Governor regarding the Australian economy were a bit mixed but the fact…
February 22, 2013
Technicals updated
JPY crossesTrade IdeasEUR crossesGBP crossesTechnical Analysis
EUR/GBP has retraced to 38.2% level. EUR/JPY still inside the pennant formation. EUR/USD looking…
February 21, 2013
Profit target hit in EUR/JPY
Many thanks to Jordan for pointing out the possible EUR/JPY double-top this morning and whilst I…
February 21, 2013
Another old adage: GBP market always ignores what happens in Asia
Cable is back close to regaining 1.5200 and another old market saying is that the London market…