January 31, 2013
EUR/JPY: Testing previous resistance at 123.10
If this level can hold (previous weekly highs and major 38.2% Fibo) then it will greatly increase…
January 30, 2013
EUR/JPY: Consolidating above major technical resistance
The 38.2% retracement of the massive fall from 170 to 94 comes in just above 123.00 as also does a…
January 30, 2013
USD/JPY: Trying small shorts near 91.25
I am not a believer in USD/JPY so I'm selling small at 91.25, which in essence gives me a CHF/JPY…
January 29, 2013
Yen crosses: No strong sense yet that a top wants to form
Trade IdeasJPY crossesEUR crosses
Even a committed contrarian like myself has to admit that the Yen crosses are very resilient.…
January 29, 2013
GBP/JPY: Can be one of the noisiest currency pairs
I remember being part of a pilot program back in Frankfurt in the late 80's when a group of us…
January 29, 2013
EUR/JPY: Bouncing after failure to break below 121.60
The trailing stops below 121.50 were well positioned and it looks as if interbank dealers are now…
January 29, 2013
EUR/JPY: Short-term technical support near 121.60
A clean break below this level would open the way for a deeper dip towards prior hourly highs and…
January 29, 2013
EUR/JPY: Trailing stops eyed below 121.50
Dealers tell me that trailing stops are relatively significant in size below 121.50 and have their…
January 29, 2013
EUR/JPY: 123.00 still shaping as important level
There is strong technical resistance at 123.00 (prior weekly high and 38.2% retracement 170/94) and…
January 29, 2013
GBP/JPY: Shorts reduced; look for better levels to increase
Trade IdeasGBP crossesJPY crosses
I still really like this pair lower, maybe back to 136 even, but with Yen bearish momentum still…
January 28, 2013
EUR/JPY: Looking a bit soft as Europe opens
Trade IdeasJPY crossesTechnical Analysis
As I mentioned earlier, the technical resistance at 123.00 (weekly high and 38.2% of big 170/94…
January 28, 2013
EUR/JPY: Modest profit-taking ahead of technical resistance at 123.00
The 38.2% retracement of the massive down-move from 170 to 94 comes in near 123.00 as also does a…
January 25, 2013
EUR/JPY technicals: Still like idea of bullish trend channel
Technical AnalysisJPY crossesEUR crosses
The whole market is getting very bullish again but that's usually what happens in the FX…
January 25, 2013
JPY crosses ease back toward opening levels
It's been pretty quiet in Asia, after a fairly hectic round of Yen selling in late NY trade.…
January 25, 2013
Yen staying heavy; not much of a dip in the JPY crosses
Corporate sellers at 90.70 through 90.85 have capped USD/JPY for now but dips are pretty shallow so…
January 25, 2013
GBP/JPY: Initiating risky short play
Trade IdeasGBP crossesJPY crosses
I've taken a small short near 142.40. The GBP looks to be under pressure across the board and…
January 24, 2013
CEFP and North Korea send USD/JPY higher
Take your pick; more talk on the Council for Economic and Fiscal Policy (CEFP) will meet soon to…
January 24, 2013
JPY crosses making new session highs
The market got a bit bearish on the Yen crosses after the Apple result but those who forgot to take…