Short EUR/JPY

OUT HEDGE LONG from 156.66 at 157.55
+89

 

That BUY USD/JPY comes from striking the annual balances from JAPAN today , the last day for that 31.03.2008

 

I am now playing EUR/USD (short). I will leave EUR/JPY alone for now given my above comments. Is anyone playing EUR/USD now? What do you think a reasonable level that we will visit before midnight today (1.5745? 1.5700?).

 

1.5850, tomorrow

 

EUR/JPY at critical point 157.30

 

Thanks. That is what I was thinking earlier today. But time has passed and that level should not have been allowed by the bulls, they should have stop the decline in the area of 157.45 at around 2.50PM. So may sense is that if I were a bull, I would be very carefull as an upmove may be a set up for a kill by the bears. If I was on the bear side, the fact that equities seem to want to finish in green would also worry me as that would be negative for this pair bears.

If this pair (EUR/JPY) goes down in the middle of the night (Asia/Europe?) it is possible that we might see a gap down in equities tomorrow. If nothing happens to this pair (or if it goes up), then I would look for a green open on equities tomorrow, with a possible selloff later.

I will see how it plays out before I put money on the line. For me., it is indecision at this point.

 

I think it will go up helped by TANKAN tonight

 

BAD TANKAN NUMBERS,

HEDGE EUR/JPY LONG 157.20

 

EUR/JPY at upper side of the triangle H1 , looks like ABCDE triangle is at his end , now i'm waiting for breakout.
If it fall i will exit my LONG HEDGE from 157.20

 

HEDGE WILL STOPPED at 157.10 eventually