FOREX Trading: EURJPY Nears Short Term Target

RELATED QUOTES

SymbolPriceChange
EURJPY=X136.5650+0.1981

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
    1.3488+0.002+0.15%
    USDSGD=X
    1.4976-0.003-0.20%
    EURSGD=X
    2.1114-0.0049-0.23%
    GBPSGD=X
    91.1507+0.276+0.30%
    SGDJPY=X
    5.7477-0.0077-0.13%
    SGDHKD=X
    2.7839-0.0055-0.20%
    SGDMYR=X
    9,889.4590-26.2939-0.27%
    SGDIDR=X
    4.5979-0.0091-0.20%
    SGDCNY=X
    1.0364-0.0014-0.13%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,171.20-0.60-0.05%
    GCQ15.CMX
    15.60+0.01+0.09%
    SIU15.CMX
    63.14-0.77-1.20%
    ^XAU
    2.620.00+0.04%
    HGU15.CMX
    58.55-0.92-1.55%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.630.00
    ^FVX
    2.340.00
    ^TNX
    3.10+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.30+0.01+1.69%
    5WA.SI
    0.755-0.005-0.66%
    N21.SI
    0.260.00+1.96%
    AFC.SI
    4.26+0.05+1.19%
    Z74.SI
    0.305-0.025-7.58%
    R14.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.05+27.91%
    AWR.SI
    0.194+0.040+25.97%
    AYE.SI
    2.40+0.48+25.00%
    S91.SI
    0.265+0.030+12.77%
    5PL.SI
    0.36+0.04+12.50%
    5NF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.187-0.128-40.63%
    AZR.SI
    0.12-0.05-27.27%
    40R.SI
    1.18-0.43-26.71%
    AXL.SI
    0.88-0.20-18.52%
    AWG.SI
    0.41-0.09-18.00%
    BAJ.SI