EUR /JPY Anyone

[sarath]

Hello

Here are my numbers for EUR/JPY. Both 133.55 and 129.85 have good significance

Breakout Channel: 133.55 - 129.85

Current Wide Channel: 133.55 - 129.85

Compressed Channel: 133.55 - 130.69

Potential Trade:


Plan A

Buy 133.85

SL 133.35

TP1 134.25

TP2 134.55

TP3 GT

Plan B

Sell: 130.40

SL 130.90

TP1 129.90 (above channel)

TP2 129.50

TP3 GT


**Update Friday Morning 7:30 AM ET**

None of the plans got executed. Will see how post NFP works out

sarath

E, P, Canadian, JPY crosses

[sarath]

The EUR/JPY never took off on breaking the channel and never rode the strength of EUR/USD nor the strength of the Dow.

But then, the EUR/JPY did move from the Asian session upwards and the surge that you associate with that pair was missing in the US session.

sarath

E,P, Canadian, JPY Crosses

[norcaltrader]

Thanks Sarath For Eur/jpy Plan It Is Of Great Help.

[ForexJoe]

The EUR/JPY moved 158 pips in Asian Session tonight going into London open

Anyone trading the pair - please comment on tonight's session

Thanks

Forex Joe