Comments on: EUR/JPY likely to be the key during Asian trade; important support close-by. https://fxww.com/eurjpy-likely-to-be-the-key-during-asian-trade-important-support-close-by/ The Professional Source Wed, 19 Sep 2012 22:30:37 +0000 hourly 1 By: Ivan https://fxww.com/eurjpy-likely-to-be-the-key-during-asian-trade-important-support-close-by/#comment-261 Wed, 19 Sep 2012 22:30:37 +0000 http://fxww.dreamhosters.com/?p=526#comment-261 It has formed right at the 50% fib retrac from March-July fall, which to me strengthens even more prospects for bearish case. Not forgetting that context is still a ‘buy the dips market’, so tight risk management a must… 😉

]]> By: Sean Lee https://fxww.com/eurjpy-likely-to-be-the-key-during-asian-trade-important-support-close-by/#comment-259 Wed, 19 Sep 2012 22:27:37 +0000 http://fxww.dreamhosters.com/?p=526#comment-259 Thanks Ivan, good point on the outside day, that would certainly strengthen the case

]]> By: Ivan https://fxww.com/eurjpy-likely-to-be-the-key-during-asian-trade-important-support-close-by/#comment-257 Wed, 19 Sep 2012 22:19:08 +0000 http://fxww.dreamhosters.com/?p=526#comment-257 Hi Sean,

Agree on your analysis. We have room to run to the downside till faced with 101.30. Id like to see bearish outside day (from NY close perspective) lows at 102.10 taken out though, then we can expect the 70/80 run to the downside. If decisive break from there, then 100.50 comes into play, agree..

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