Forex Trading: EUR/JPY Risk is Still Lower

By Jamie Saettele, CMT | DailyFX – Thu, Nov 29, 2012 11:40 PM SGT

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RELATED QUOTES

SymbolPriceChange
EURJPY=X127.4030-0.35

A EURJPY short was taken last night at 10640 (released via Twitter @JamieSaettele). 10642 is the 61.8% of the decline from 10712 at 10640. Price has extended slightly beyond this level but the stop is above the 11/26 high. Once (if) the market turns lower again, objectives are 10458 and 10375 (former is former resistance and 38.2% of rally from 10031 and latter is middle of former congestion and 50% level).

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Market Data

  • Currencies
    NamePriceChange% Chg
    1.2560-0.01-0.47%
    USDSGD=X
    1.6816-0.01-0.51%
    EURSGD=X
    1.9628-0.01-0.55%
    GBPSGD=X
    75.74240.16+0.21%
    SGDJPY=X
    6.17540.03+0.44%
    SGDHKD=X
    2.50910.01+0.36%
    SGDMYR=X
    7,886.022935.95+0.46%
    SGDIDR=X
    4.88180.02+0.48%
    SGDCNY=X
    1.1937-0.00-0.27%
    AUDSGD=X
    More Currencies »
  • Commodities
    NamePriceChange% Chg
    1,366.60-0.10-0.01%
    GCN13.CMX
    21.61-0.07-0.30%
    SIM13.CMX
    100.32
    ^XAU
    3.160.01+0.21%
    HGM13.CMX
    98.900.46+0.47%
    CLN13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    1.05
    ^FVX
    2.18
    ^TNX
    3.34
    ^TYX
    More Bonds »

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  • Most Actives
    NamePriceChange% Chg
    0.151-0.00-0.66%
    I26.SI
    0.1230.00+2.50%
    A15.SI
    0.1570.00+1.29%
    5GC.SI
    0.5850.02+4.46%
    GJ8.SI
    3.69-0.08-2.12%
    Z74.SI
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    NamePriceChange% Chg
    0.170.02+13.33%
    CL7.SI
    0.160.02+10.34%
    595.SI
    0.150.01+10.29%
    D08.SI
    0.2350.02+9.30%
    C3T.SI
    0.120.01+9.09%
    V69.SI
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    0.194-0.03-11.82%
    5RA.SI
    0.106-0.01-10.17%
    5FF.SI
    1.67-0.11-6.18%
    GZ9.SI
    0.10-0.00-4.76%
    C06.SI
    0.30-0.01-4.76%
    S85.SI
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