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Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Thu, Jul 2 2009, 06:20 GMT
by Rajoo C
FREE 1 week Trial
Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 9 Crosses- USD Majors, USD Minors & JPY Crosses.EURJPY
EURJPY breached the prior day's high and closed @ 13670 which was well above the open. ECB rate announcement & Non Farm Payroll. The Hourly Oscillators are turning bearish and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. We believe the upside will be limited. The patterns on the 5 min chart is very noisy and we believe it might turn down soon. We prefer to be Sidelined or strictly trade at only our levels. Due to slew of data out today and shortened trading week expect the market to be quiet before the data.
GBPJPY
GBPJPY was within prior day's trading range and closed @ 15930 which was above the open. ECB rate announcement & Non Farm Payroll. The Hourly Oscillators are mixed and the price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. The patterns are not clear and very noisy and we have no suggestions until there is a clear break. We prefer to Sidelined or strictly trade only at our levels. Due to slew of data out today and shortened trading week expect the market to be quiet before the data.
AUDJPY
AUDJPY closed @ 7820 which was above the open. ECB rate announcement & Non Farm Payroll. The Hourly Oscillators are turning bearish and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, expect the price to be choppy. We believe the top may have be seen while 7845 level holds. The patterns are pointing lower while 7845 level holds. We prefer to Sidelined or strictly trade only at our levels. Due to slew of data out today and shortened trading week expect the market to be quiet before the data.
Published on Thu, Jul 2 2009, 06:23 GMT
Archive
- Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Published On Fri, Nov 6 2009, 06:13 GMT - Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Published On Thu, Nov 5 2009, 07:07 GMT - Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Published On Wed, Nov 4 2009, 06:32 GMT - Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Published On Tue, Nov 3 2009, 06:46 GMT - Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Published On Mon, Nov 2 2009, 06:44 GMT
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