FOREX Trading: EURJPY Nears Short Term Target

RELATED QUOTES

SymbolPriceChange
EURJPY=X133.6290+0.1543

Combine the EURUSD and USDJPY pictures, and you get quite the bearish EURJPY painting. Shorts over the last few days are in good shape but expect a market response at/near 10157. This level is defined by the 100% extension of the 10459-10217 decline and intersects channel support today. Additional levels of interest are the 38.2% retracement of the rally from 9411, at 10060 and the 161.8% extension of the mentioned bear leg at 10008. 10240 and 10280 are estimated resistance levels.

AUDUSD and NZDUSD-a first attempt to short NZDUSD was stopped at breakeven last night but both commodity crosses are showing signs of exhaustion (intraday JS Spikes) at important levels (10494 is the 100% extension of the rally from 10148 in AUDUSD and 8299 is the 9/28 JS Spike close in NZDUSD). My interest is piqued and I’ll be monitoring both pairs closely.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3477+0.0062+0.46%
    USDSGD=X
    1.4702-0.003-0.20%
    EURSGD=X
    2.0779+0.0025+0.12%
    GBPSGD=X
    90.9261+0.3223+0.36%
    SGDJPY=X
    5.7519-0.0268-0.46%
    SGDHKD=X
    2.6886-0.0055-0.20%
    SGDMYR=X
    9,801.3477-27.2119-0.28%
    SGDIDR=X
    4.6015-0.0221-0.48%
    SGDCNY=X
    1.0495-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,196.50-7.50-0.62%
    GCM15.CMX
    16.80-0.24-1.41%
    SIM15.CMX
    71.25-0.60-0.84%
    ^XAU
    2.810.00+0.02%
    HGN15.CMX
    61.13-0.17-0.28%
    CLZ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.56+0.05
    ^FVX
    2.21+0.03
    ^TNX
    2.99+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.3350.0000.00%
    AFC.SI
    0.194+0.013+7.18%
    5OU.SI
    0.290.000.00%
    5WA.SI
    0.27+0.01+3.85%
    B0Z.SI
    0.176+0.008+4.76%
    F13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.26+0.06+30.00%
    AYP.SI
    0.138+0.019+15.97%
    5IF.SI
    0.179+0.019+11.88%
    5PI.SI
    0.138+0.012+9.52%
    40E.SI
    0.445+0.035+8.54%
    547.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.255-0.445-63.57%
    AXH.SI
    0.097-0.013-11.82%
    J8O.SI
    0.135-0.015-10.00%
    5OY.SI
    0.18-0.02-10.00%
    5UF.SI
    0.56-0.06-9.68%
    AXK.SI