Archive for EUR/JPY

EUR/JPY Trend Slows

by: Radar February 2, 2010

The 60 minute EUR/JPY has been slowly transitioning from the downtrend market cycle as prices are showing that the 125.00 level is near term support.  The 124.39 low was short lived as prices rallied quickly
higher ultimately rallying through and staying above the 125.00 psychological level.  With this rally the Initial Trend reading is confirming the sideways market cycle will [...]

EUR/JPY Triangle Break

by: Radar January 5, 2010

The intraday EUR/JPY has broken the uptrend line support (S) of the Continuation Triangle on the short tern 15 minute time frame.  This breakdown reflects a near term psychology and this should not be
considered a longer term set up.  In fact this type of short term set up is perfect when individual risk tolerance is low or when [...]