MoneyTec Traders Community Forum - View Single Post - EUR/JPY

Gamma_Jammer · 10-08-2004, 20:16

Well I'm off to get some sleep now. Here's one to watch overnight.

Sell EUR/JPY on a break below 135.85/90 (couple of rising support lines converge there). S/L 136.20. T/P 135.20.

The take profit level is just ahead of what I think looks like pretty decent support now at 135.12. Rising support cpmes in there, as does the 100 hour SMA AND the 38.2 Fibo retracement of the move from the Aug 03 132.85 low to today's highs.

If it breaks this support I'd look to sell it again but I don't think that's gonna happen tonight now.

Why have I become obsessed with EUR/JPY all of a sudden? Maybe it will come to me in my sleep.

Good Luck all.

10-08-2004, 20:16	#1
Gamma_Jammer level 3 Join Date: Mar 2002 Location: U.K. Posts: 415 Downloads: 0 Uploads: 0 Rep Power: 0	EUR/JPY - here's one for you Mick Well I'm off to get some sleep now. Here's one to watch overnight. Sell EUR/JPY on a break below 135.85/90 (couple of rising support lines converge there). S/L 136.20. T/P 135.20. The take profit level is just ahead of what I think looks like pretty decent support now at 135.12. Rising support cpmes in there, as does the 100 hour SMA AND the 38.2 Fibo retracement of the move from the Aug 03 132.85 low to today's highs. If it breaks this support I'd look to sell it again but I don't think that's gonna happen tonight now. Why have I become obsessed with EUR/JPY all of a sudden? Maybe it will come to me in my sleep. Good Luck all.