Apr 21 2008
EUR/JPY: Might Be a Good Time to Be a Seller
It might be time to consider working EUR/JPY from the short side.
This might not be a proper downtrend given that there haven’t been lower lows to match the lower highs, although there are lower closing lows. Could just be a consolidation pattern. Even still, fading a move up against a trend like with that many contact points makes sense, or at least favoring the downside in short-term trades.
More on this topic
(What's this?)
Bad News for Carry Trades
(Contrarian Profits, 3/11/08)
EUR/JPY: Ready for a Top?
(Kathy Lien, 4/23/08)
Understanding Why EUR/JPY Hit a Record High
(Kathy Lien, 7/21/08)
Here are some other posts which might interest you:
