Forex Trading: EUR/JPY Risk is Still Lower

RELATED QUOTES

SymbolPriceChange
EURJPY=X122.1800+0.3164

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
    Currencies
    NamePriceChange% Chg
    1.3426-0.0028-0.21%
    USDSGD=X
    1.5412-0.001-0.06%
    EURSGD=X
    1.9632-0.00010.00%
    GBPSGD=X
    79.2653+0.2442+0.31%
    SGDJPY=X
    5.7792+0.0132+0.23%
    SGDHKD=X
    2.9109+0.0021+0.07%
    SGDMYR=X
    9,813.1963+3.8438+0.04%
    SGDIDR=X
    4.8229+0.0111+0.23%
    SGDCNY=X
    1.0223-0.0005-0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,297.10+6.60+0.51%
    GCM16.CMX
    17.80-0.02-0.11%
    SIN16.CMX
    92.85+5.95+6.85%
    ^XAU
    2.27-0.01-0.46%
    HGN16.CMX
    45.54-0.38-0.83%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.28-0.02
    ^FVX
    1.82-0.02
    ^TNX
    2.67-0.03
    ^TYX

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