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FX USD/JPY, EUR/JPY: Slide together, stops in both hit

25.05.12

Both USD/JPY and EUR/JPY indigent below initial supports a short while ago. USD/JPY hard up below 81.50 and the cross 107.50. Stops below both were captivated out with USD/JPY down to 81.30 or so and EUR/JPY to 107.20 or so. USD/JPY trades 81.32/35 whilst the vexed trades 107.28/31. USD/JPY sees boost from ahead of 81.00 with bidding interest seen trailing downgrade. Bidding interest is seen especially marked in the high-80 area with the top of the weekly Ichimoku cloud at 80.87 and the habitually Ichimoku tenkan line at 80.76. Two attempts to buying below this rapidly ascending tenkan merchandise were roundly rejected last week. © Thomson Reuters 2011. All rights unresponsive. Republication or redistribution of Thomson Reuters happiness, including by framing or similar means, is prohibited without the latest written consent of Thomson Reuters. Thomson Reuters is not open for any errors or delays in Thomson Reuters essence, or for any actions taken in reliance on such satisfied. ‘Thomson Reuters’ and the Thomson Reuters logo are trademarks of Thomson Reuters and its combined companies. Trading foreign the Bourse on margin carries a high elevation of risk and may not be suitable for all investors. The stoned degree of leverage can work against you as well as for you. Before deciding to pursuit foreign exchange you should carefully deem your investment objectives, level of happening and risk appetite. The possibility exists that you could validate a loss of some or all of your initial investment and therefore you should not venture money that you cannot afford to lose. You should be informed of all the risks associated with foreign altercation trading and seek advice from an competent financial advisor if you have any doubts. Opinions expressed at FXstreet.com are those of the one authors and do not necessarily represent the idea of FXstreet.com or its management. FXstreet.com has not verified the exactness or basis-in-fact of any claim or assertion made by any independent author: errors and Omissions may happen.Any opinions, news, research, analyses, prices or other low-down contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as extensive market commentary and does not constitute investment admonition. FXstreet.com will not accept liability for any drubbing or damage, including without limitation to, any denial of profit, which may arise directly or indirectly from use of or faith on such information.

Source: FXstreet.com

FX EUR/JPY: Uptrend defined by Ichimoku tenkan line?

25.05.12

EUR/JPY did not do much yesterday and the charts lead one to believe the cross is consolidating recent gains around the 108.00 status following the break above its 200-day persuasive average last Friday. This moving normal is at 106.92 and looks to provide underlying stand by going forward. Closer to bruited about levels is the rapidly ascending Ichimoku tenkan spiel at 107.45. This line has tracked the querulous higher and currently defines the up-move. The surly has traded mostly above this line since bottoming at 97.04 on January 16. It penniless back above this line on the 19th and, with the exception of the one week full stop between January 31 and February 6 when it traded below this plumb b in agreement but mostly above the kijun line, the cross has remained above. Topside, EUR/JPY sees guerrillas from around 108.50, 108.45 the high yesterday. More is seen in the 108.70-75 window, a hypocritical top from Tuesday-Wednesday. EUR/JPY currently trades in whispers at 108.25/28 with the range so far in Asia this morning 107.95-108.28. © Thomson Reuters 2011. All rights cool. Republication or redistribution of Thomson Reuters components, including by framing or similar means, is prohibited without the late written consent of Thomson Reuters. Thomson Reuters is not blameworthy for any errors or delays in Thomson Reuters tranquillity, or for any actions taken in reliance on such volume. ‘Thomson Reuters’ and the Thomson Reuters logo are trademarks of Thomson Reuters and its united companies. Trading foreign swap on margin carries a high height of risk and may not be suitable for all investors. The gamy degree of leverage can work against you as well as for you. Before deciding to truck foreign exchange you should carefully ponder your investment objectives, level of occurrence and risk appetite. The possibility exists that you could carry a loss of some or all of your initial investment and therefore you should not venture money that you cannot afford to lose. You should be au fait of all the risks associated with foreign switch trading and seek advice from an unallied financial advisor if you have any doubts. Opinions expressed at FXstreet.com are those of the human being authors and do not necessarily represent the conviction of FXstreet.com or its management. FXstreet.com has not verified the Loosely precision or basis-in-fact of any claim or assertion made by any independent author: errors and Omissions may arise.Any opinions, news, research, analyses, prices or other message contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as common market commentary and does not constitute investment admonition. FXstreet.com will not accept liability for any trouncing debits or damage, including without limitation to, any depletion of profit, which may arise directly or indirectly from use of or faith on such information.

Source: FXstreet.com