Forex Trading: EUR/JPY Shorts Still in Play

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SymbolPriceChange
EURJPY=X141.4538+0.0058

The EURJPY stop on the short was moved to breakeven (10641) last night (released via Twitter @JamieSaettele). I wrote here yesterday that “a look at the weekly reveals resistance from 2010 and early 2011 lows. Intraday analytics are suggestive of a top (JS Spike on Sunday night on 240 minute chart for example and the high remains the first session of the week…on Sunday night). A soft target is 10465 although I’ll trail the stop as market activity warrants.” 10500, 10506 in particular, is a level that may produce a reaction. I’ll stay short until further notice. USDJPY action will be the primary consideration in exiting this trade.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2520-0.0008-0.06%
    USDSGD=X
    1.7299-0.0007-0.04%
    EURSGD=X
    2.1015-0.0026-0.12%
    GBPSGD=X
    81.7782+0.0455+0.06%
    SGDJPY=X
    6.1933+0.0039+0.06%
    SGDHKD=X
    2.5862+0.0016+0.06%
    SGDMYR=X
    9,121.0781-30.1406-0.33%
    SGDIDR=X
    4.9697+0.0055+0.11%
    SGDCNY=X
    1.1690+0.0005+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.60-8.90-0.68%
    GCM14.CMX
    19.67+0.01+0.05%
    SIN14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI