Inside the Currency Market: EUR/JPY

Apologies for late. Hope a trade still exists. Review, Longs above 138.77, targets fell far short but Dead Stopped at 138.84 then recommended short to 138.83 Dead Stopped at 138.86, off 3 pips. Further shorts saw my recommended Vital points at 138.63 and 138.17. Bottom at 138.07 held. Not a ton of thrills in this trade last evening but money was made and we don’t ever lose. I fully understand what they are doing now in terms of EUR/JPY targets and understand fully misses. This will be tightened for the future.

EUR/JPY. Bottom 137..70. Range break above 140.30, Below 136.50. Overbought sell point 138.73, range 138.59 – 138.73. EUR/JPY loves to fall short of targets lately so ranges rather than exact point. Strategy. Longs above 138.40, Target 138.59 – 138.73, Exact number 138.73. Points on the way up, 138.44, 138.51, 138.59, 138.66, 138.73. Target met at 138.73 then shorts to target 138.56, target met at 138.59 then shorts to target 138.49.

Shorts below 138.39, target 138.04, Look for reversal here to target again 138.39 and remain long above 138.40. 138.30 must break higher to target 138.39. Points on the way down, 138.30, 138.21, 138.14, 138.07, 138.04, 137.87, Bottom 137.70.

Tak, and Multumesc mult

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Price Path Review. Long 1.1246, Target 1.1298 Dead Stopped 1.1294. Recommended short to 1.1272 Dead Stopped at 1.1271, off 1 pip. Reported Bottom 1.1189 held. Shorts below 1.1245 was never a factor yesterday and overnight so multiple long/ shorts was also not a factor as was the case in past days. The price Paths and recommended multiple Longs and shorts have been near perfect over days now in many pairs. This only improves to achieve perfection.

EUR/USD. Bottom 1.1224, up 35 pips since yesterday. Range break above 1.1436 and rising ranges, Below 1.1126. Strategy. Longs above 1.1281. target 1.1332. We look between 1.1308 – 1.1332 if Target falls short. Points on the way up, 1.1284, 1.1295, 1.1308, 1.1306, 1.1320, 1.1332. Target met at 1.1332, shorts to Target 1.1306, Target met at 1.1294, short target to 1.1288, Target met at 1.1308 th4n short target 1.1294.

Shorts below 1.1280, target 1.1252. Look for long reversal at 1.1252 to 1.1280. Points on the way down, 1.1266, 1.1259, 1.1252, 1.1250, 1.1237, 1.1224 Bottom.

EUR/JPY Next

Brian Twomey, Inside the Currency Market, btwomey.com