EUR/JPY CYCLES UPDATE Part1

[rufffen]

someone was asking me about EUR JPY direction, you can MSN me @ rufffenfx@hotmail.com

[rufffen]

EUR USD UPDATE:

TWO BUY ZONES THIS WEEK

1,2513

1,2595

1,2676

1,2702

Im fairly confident that one of the zones will be reached by mid-week to present a very decent R/R LONG SETUP.

One can also BUY at current levels, since there is more upside potential, however SL will have to be wide.

Id suggest to take EUR USD profits at 2820 2880 area this week, and maybe SHORT from 2880 2920 levels if we experience good price swings.

Across the board, USD JPY and USD CHF looking as good SELL opportunities, just need to get in at good price.

[rufffen]

EUR USD UPDATE:

TWO BUY ZONES THIS WEEK

1,2651

1,2698

1,2746

1,2761

Also one can SELL EUR USD at current prices with SL at or above 2880 for target TP of 2740 later this week.

Also interesting to note that EUR USD broke out of uptrend and now establishing in downtrend channel, althouth EUR JPY is not showing any signs of weakness, and will likely reach 154 by October, as I was forecasting earlier in August.