EUR/JPY CYCLES UPDATE Part1

[rufffen]

Last GBP and EUR trades worked out as expected, Id say today represent a valid mid-term top.

Now Im looking for a reversal once again for 2900 on euro at 2500 levels, same time Id advise to take profits on EUR according to this: TP1 2640 TP2 2560 TP3 2520.

Reversal coming up mid-week next week Id expect. News tomorrow prolly accelerate the move SOUTH (down) on EUR and GBP.

[rufffen]

Cable reversals calendar for August, when there is a strong reversal, expect changed of direction (short-term) intraday.

[rufffen]

AUD/NZD: Let's SHORT this item at 2310-2320 SL 2370 TP1 2200 only taking this one if 2370 holds now.

[rufffen]

Everyone should have stop at BE on EUR and CABLE, if you get stopped out, no worries, new setups coming up SUNDAY.

8670 goes with strong candle on GBP USD we might see the skies. hehe

So be careful.

[rufffen]

OK, all stops taken out, so this zeroes in BOTH EUR/USD and GBP/USD trades, stops taken out earlier this week and stops taken out today.

It's OK though, since the time was not up and YEN charts hint in that reversal is due, but Monday. SO Id post fresh setups for Monday soon.

Meanwhile this week this thread is up +150 on EUR/CAD and +50 on the GBP/USD tue/wed, when I posted to take profits. Total this week +200.

Attached is the EURO reversal days calendar for AUGUST2006, Ill explain in a bit of detail later.

[rufffen]

First setup for next week

Pending BUY ORDER USD/CHF BUY WINDOW 2270-2290 SL2240 TP1 2480

PS: revised BUY window, since it aligns with other currencies better.

[rufffen]

Second setup for next week

Pending BUY ORDER USD/JPY BUY WINDOW 113.80-114.20 SL 113.50 TP1 116.40

Yen looks like extending losses towards a stronger resistance and bound for 114.00.

Id expect markets to turn soon but not just yet.

PS: Updated BUY WINDOW.

[rufffen]

Third setup for next week

Pending BUY ORDER CHF/JPY BUY WINDOW 92.65-92.75 SL 92.50 TP1 93.60

Most setups are YEN crosses, HOWEVER don't forget about AUD/USD and EUR/AUD pending setups