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EUR/JPY At 38,20 Fib level

Posted on October 28, 2009 at 3:35 in Medium & Long Term Techs by César B. Leiceaga

The expected retracement from the top of the range rapidly arrived due to overbought conditions on daily studies.

(http://blogs.fxstreet.com/techtrading/2009/10/26/eurjpy-near-strong-resistance/)

134,90 represents an important support area (38,20% Fib of the whole bull move 129,00 - 138,50). 4 hour RSI suggests a short term bounce from here but if eur/usd has finally topped then the probabilities of eur/jpy to weaken remain high.

I’ll weekly update my view on the pair.

EUR/JPY 4 hour chart:

César B.Leiceaga

Tags: eurjpy, eurjpy 28oct09, eurjpy technical analysis, euro, yen

8 Responses to “EUR/JPY At 38,20 Fib level”

  1. on 28 Oct 2009 at 3:37 am1Gladiato

    Buenas Cesar,

    Además hay una gran resistencia rota que se puede convertir en soporte.

    Yo lo estoy intentando.

    Saludos,

    Gladiat.

  2. on 28 Oct 2009 at 4:42 am2Gladiato

    Nada, esta vez no pudo ser -20 pips.

    Saludos,

    Gladiat.

  3. on 28 Oct 2009 at 7:15 am3César B. Leiceaga

    Hola Gladiato,

    Han hecho saltar stops por debajo del nivel de FIBO porque saben que ahí es donde todo los traders que acaban de entrar largos los colocan.

    Saludos!

  4. on 29 Oct 2009 at 12:06 am4Gladiato

    Buenos días Cesar,

    Esto está muerto, mira el triangulo del EURJPY en escala diaria y las bolsas cayendo… EURJPY a 120?

    Lo veremos. Saludos,

    Gladiat.

  5. on 29 Oct 2009 at 2:39 am5Gladiato

    Hola de nuevo,

    Bajo mi punto de vista hoy rebota y mañana y la semana que viene a caer.

    Yo estoy largo en el EJ desde 133,2 objetivo +120 pips SL 30.

    Saludos,

    Gladiat.

  6. on 29 Oct 2009 at 3:31 am6César B. Leiceaga

    Hola Gladiato,

    Enhorabuena por tu entrada en 133,20 parece que puede haber una continuación en el rebote, los indicadores por lo menos así lo señalan.

    Un saludo y suerte!

  7. on 29 Oct 2009 at 3:58 am7Gladiato

    Gracias a ver si así es, la semana pasada fue un poco desastre pero esta no va mal.

    Saludos,

    Gladiat.

  8. on 29 Oct 2009 at 6:09 am8Gladiato

    He cerrado ya en +70 prefiero estar fuera durante las noticias de hoy, quizá se gire ya a la baja todo sin esperar a mañana.

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