FOREX Trading: EURJPY Nears Short Term Target

RELATED QUOTES

SymbolPriceChange
EURJPY=X129.0775-0.5781

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
    1.3718+0.0008+0.06%
    USDSGD=X
    1.4821-0.0087-0.58%
    EURSGD=X
    2.0318-0.0036-0.18%
    GBPSGD=X
    87.0978+0.1247+0.14%
    SGDJPY=X
    5.6525-0.0034-0.06%
    SGDHKD=X
    2.6765+0.0016+0.06%
    SGDMYR=X
    9,532.3330+30.1426+0.32%
    SGDIDR=X
    4.5285-0.0013-0.03%
    SGDCNY=X
    1.0683-0.0045-0.42%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,198.30-6.50-0.54%
    GCJ15.CMX
    17.00-0.14-0.82%
    SIK15.CMX
    68.39-1.10-1.58%
    ^XAU
    2.78-0.03-1.03%
    HGK15.CMX
    50.50-0.93-1.81%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47+0.06
    ^FVX
    2.01+0.09
    ^TNX
    2.60+0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.133+0.017+14.66%
    E13.SI
    0.415+0.010+2.47%
    E5H.SI
    0.166+0.003+1.84%
    5GB.SI
    0.285-0.005-1.72%
    5WA.SI
    0.945+0.015+1.61%
    N21.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.31+0.08+34.78%
    5PD.SI
    0.255+0.025+10.87%
    D79.SI
    0.133+0.017+14.66%
    E13.SI
    0.315+0.025+8.62%
    T4B.SI
    0.385+0.030+8.45%
    D03.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    1.862-0.095-4.85%
    O9D.SI
    0.21-0.01-2.33%
    5DM.SI
    0.22-0.01-4.35%
    M14.SI
    0.23-0.01-4.17%
    5UE.SI
    0.153-0.001-0.65%
    C10.SI