EUR/JPY: Levels, Ranges, Targets

 

From 133.78 to lowest lows at 122.98, Mid point is located at 128.38. From 133.78 to 130.59 at the 5 year average, Mid point is located at 132.18. From 133.78 to 126.04 at the 10 year, mid point is located at 129.91.

80 day = 133.78

Special average = 133.39

334 day = 126.56

592 day = 124.76

847 day = 128.35

1102 day = 130.81

1279 day = 5Y = 130.59

1357 day = 129.54

1613 day = 125.19

1872 day = 123.40

2129 day = 122.98

2384 day = 123.59

2562 day = 10Y = 126.04

2640 day = 127.08

2894 day = 129.91

3150 day = 131.05

3409 day = 131.46

3590 day = 14Y = 131.57

3665 day = 131.57

3921 day = 131.45

4175 day = 130.50

4429 day = 129.11

4686 day = 17.58

4899 day = 127.45

 

Brian Twomey

GBP/JPY: Levels, Ranges, Targets

 

Friends, readers and followers are invited to understand and view short to long term currency markets from the EUR/USD and CAD/ZAR perspective from 3 months to 1953 or 65 years. Most important relationship in all traded markets is EUR/USD V CAD/ZAR.

Wide ranges are seen in GBP/USD and GBP/JPY and wide ranges is defined at 10 pips higher than EUR/USD and EUR/JPY. The laggard pair is USD/JPY at 20 pips lower which means GBP/USD and GBP/JPY are performing the work to USD/JPY.

The only location short term where GBP/JPY is seen as far to low is viewed in 2016 or roughly a 2 year average. From 2018 to 2009, GBP/JPY is correctly positioned middle range in relation to GBP/USD and USD/JPY. A crossover is threatened in 2010 and 2009 while 2007 is also viewed where GBP/JPY is much to low and needs to travel higher. Dated to Feb 1999, GBP/JPY price is low and out of range.

Most important pair to GBP/USD and the BOE is GBP/JPY as GBP/JPY must be contained in order to hold GBP/USD to desired exchange rate levels. Therefore its imperative for the BOE to maintain GBP/USD correlations to GBP/JPY or GBP/USD trades against desired levels.

From 144.56 lows to upper most 172.46 highs, Mid point is located at 158.51. At 158.51 is above the 10 year average at 152.45. From 144.56 to 152.45, Mid point is located at 148.50. Current GBP/JPY trades at lowest points in its 18 year range.

To travel higher, 150.46 and 150.63 must break to target first 151.25 at the 80 day. Next above break is 149.16 and 149.38.At 144 is a severely misplaced average but overall GBP/JPY averages lack uniformity.

80 day = 151.25

Special average = 150.46

Close = 149.10

335 day = 144.56

Close = 149.10

593 day = 149.38

848 day = 160.11

1103 day = 162.53

1279 day = 5Y = 161.00

1357 day = 159.60

1614 day = 154.04

1873 day = 150.63

Close = 149.10

2130 = 149.16

2385 day = 148.80

2562 day = 10Y = 152.45

2640 day = 154.50

2894 day = 161.59

3151 day = 165.60

3410 day = 168.10

3590 day = 14Y = 169.65

3667 day = 170.07

3922 day = 171.38

4175 day = 172.23

4429 day = 172.18

4687 day = 171.77

4899 day = 172.46

 

Brian Twomey

 

 

 

USD/JPY: Levels, Ranges, Targets

 

Upper most point at 113.97 to lowest at 98.51, mid point 106.24 and 109.58 at the 5Y average to 98.96 at the 10Y mid point is located at 104.27. At 106.00’s are 3 levels at 106.62, 106.20 and 106.18 then comes 105.40 and 104.10. Above, must breaks are located at 108.20, 109.58 and 109.78 while most vital in this list is 109.58 at the 5 year average. To see any chance higher, the special average at 109.78 must break and 109.58 and 109.78 overall provide massive resistance. Consistent to EUR/USD, averages in USD/JPY lack uniformity as crossovers occurred along the way in this 18 year view dated to Jan 1999.

At 106.00’s is 300 pips above from the 5 year average at 109.58 and 300 pips below to the 14 year average at 103.01. At 103, USD/JPY is massively oversold and at 109.58 reveals a downtrend underway. Shorter averages from 5 to 253 days reveal USD/JPY is massively oversold from 107.00’s to 111.00’s. Most oversold and at Richter Scale proportions is 109.00’s to 111.00’s.

Despite oversold and proximity to break points, USD/JPY inside price is fairly balanced as it relates to its averages and consistent with EUR/USD’s price to inform balanced trading rather than massive spikes especially as EUR/JPY from a monthly, 3 month and 1 year  perspective is positioned middle range to EUR/USD and USD/JPY. Further to positions, year 2007 is the point seen where EUR/JPY trades far to low in relation to USD/JPY and EUR/USD.

EUR/JPY at current  is a far to low price and must provide guidance. EUR/USD trades at upper range points to 1.2800’s while USD/JPY trades at bottom ranges. Addressed was a balance price in terms of averages but 106.27 at the close is at bottoms due to dangerously low.

80 day = 111.67

Special average = 109.78

335 day = 111.90

593 day = 111.31

848 day = 113.97

1103 day = 111.43

1279 day = 5Y = 109.58

1357 day = 108.20

Close 106.27

1614 day = 103.55

1873 day = 100.38

2130 day = 99.00

2385 day = 98.51

2562 day = 10Y= 98.96

2640 day = 99.29

2894 day = 101.00

3151 day = 102.26

3410 day = 102.67

3590 day = 14Y = 103.01

3667 day = 103.11

3922 day = 104.10

4175 day = 105.40

4429 day = 106.18

4687 day = 106.20

4899 day = 106.62

 

Brian Twomey