EUR/JPY CYCLES UPDATE Part1

[rufffen]

XAU SPOT GOLD Update: Download PDF with turning points price/time here, select Free, enter 4 digit code in the top right and hit download, wait for a timeout and save to your local drive.

Next turning point is 14th-15th this month.

[rufffen]

EUR/USD Update: This item might try for 2550-2650 soon, broke important levels today, below monthly balance zone and broke weekly support zone1, break of 2659 might indicate 2500 downside in coming days.

Still puzzled with the USDX going up, and XAU spot gold going same way? Hardly see it at any rate, most times its inverse correlation between these two items.

[rufffen]

GBP/USD Update: Might retrace frin the current levels to 8380-8420, might be a good idea to take small SHORT positions from that levels with tight 20-30 pips stop.

[rufffen]

More updates on EUR/JPY in the first post at the top.

[rufffen]

EUR/JPY trade was stopped out for -80, GBP/JPY stopped out for -100.
Price I pay for entering too early, these items will drop as soon as YEN reaches 115.90-116.20.

TOTAL TALLY TODAY: -180 pips.

[rufffen]

TRADE1
EUR/JPY + 180
GBP/JPY + 160

COUNTERTREND TRADE 2
EUR/JPY + 172
GBP/JPY + 184

TRADE3
EUR/JPY - 80
GBP/JPY - 100

AUD/USD SHORT1 - 60 two trades, holding one long now

EUR/CHF +10 pips

EUR/USD

+107 since sunday


GBP/USD
+123 since sunday

USD/JPY

-90 since sunday

USD/CHF

+143 since sunday

TOTAL since sunday:
+ 809 pips per lot

XAU SPOT GOLD trade stop moved to break even as per my recommendation.
2d trade wasn't triggered.

From now Id like to post setups on EUR/USD GBP/USD and yen crosses only, XAU and AUD and CAD crosses are secondary setups.

Im more comfortable doing YEN crosses and major, as my methods seem to work better here.

REMINDER: Im not a commercial SIGNALS VENDOR, always use discretion and lets make some pips on the way (hopefully).

[rufffen]

YEN CROSSES: No trade setups for Thursday, anticipating BOJ decision markets can and will go WILD. Ill post a few charts on USD/JPY with possible levels to watch during the BOJ announcment, I do favor a move SOUTH, however nothing is for certain.

YEN charts coming up shortly.

[rufffen]

Here's 2 possible scenarios on USD/JPY 4 hour charts, since this week YEN will be driving everything else on Fridays, BOJ statement is out.

OK, above 116.20 Id say we are capped around 117.60 anything above that will be resisted.

Downside clearly has more potential, we could top out now around 116.00 area and reverse SOUTH, and if the rates are hiked this one time, the YEN item might drop to 112.80 and from that point retrace and continue into the downtrend towards 108-110.

I favor the SOUTH/downturn scenario, however lets watch the markets on Thursay, if there are any updates, Ill let you know.