Daily Review 17/12/2009

Trade Idea:EUR/USD - Buy-stop at 1.2650 Target: 1.2800 ; Stop: 1.2575
======================================================================
Price action on EUR/USD, a chart of which is shown, has just broken down swiftly below the key 1.2500 support level, establishing a new 18-month low and lending a significant additional bearish bias to this strongly downtrending currency pair.
A continuation of the steep overall downtrend has now been confirmed, with price currently targeting a key downside support target in the 1.2300 price region.
Any substantial breakdown below 1.2300 could potentially begin to target the technically- and psychologically-important 1.2000 level, which is also around a 161.8% Fibonacci extension of the most recent bearish run.
The broken 1.2500 level should now serve as tentative upside resistance within the context of the strong current downtrend.


"P&F EURUSD1440 Box Size 200X3 or(4.68%) HI/LO
Data 1.6038 - 0.9607 ~ 92 Month ~ 2796 Day
Database 2000 records 1.23566 (Last Close)
2002-09-17 00~00
2010-05-14 00~00 (GMT+01:00) Paris
BJF Trading Group chart"
_http://docs.google.com/View?id=dcftkq53_152grsnq5c3

1.6200|~2OO||____________________+_______________________|-1.01%|68.63%
1.6000|~4OO||________________x___x_+_____________________|0.24%|66.55%
1.5800|~6OO||________________x_o_x_o_+___________________|1.48%|64.46%
1.5600|~8OO||________________x_o_x_o___+_________________|2.73%|62.38%
1.5400|~1OOO|________________x_o___o_____+_______________|3.98%|60.3%
1.5200|~12OO|________________x_____o_______+_________+___|5.23%|58.22%
1.5000|~14OO|________________x_____o_________+_______x_+_|6.47%|56.14%
1.4800|~16OO|________________x_____o_x_________+_____x_o_|7.72%|54.05%
1.4600|~18OO|________________x_____o_x_o_____x___+___x_o_|8.97%|51.97%
1.4400|~2OOO|________________x_____o_x_o_____x_o___+_x_o_|10.21%|49.89%
1.4200|~22OO|________________x_____o_x_o_____x_o_____x_o_|11.46%|47.81%
1.4000|~24OO|________________x_____o___o_____x_o_____x_o_|12.71%|45.73%
1.3800|~26OO|________________x_________o_____x_o_____x_o_|13.95%|43.65%
1.3600|~28OO|________x_______x_________o_____x_o_x___x_o_|15.2%|41.56%
1.3400|~3OOO|________x_o_x___x_________o_____x_o_x_o_x_o_|16.45%|39.48%
1.3200|~32OO|________x_o_x_o_x_________o_x___x_o_x_o_x_o_|17.7%|37.4%
1.3000|~34OO|________x_o_x_o_x_________o_x_o_x_o_x_o___o_|18.94%|35.32%
1.2800|~36OO|____x___x_o___o_x_______+_o_x_o_x_o_x_____o_|20.19%|33.24%
1.2600|~38OO|____x_o_x_____o_x_____+___o_x_o_x_o_______o_|21.44%|31.15%
1.2400|~4OOO|====x=o=x=====o=x===+=====o===o=+=========o=|22.68%|29.07%
1.2200|~42OO|____x_o_x_____o_x_+___________+___________+_|23.93%|26.99%
1.2000|~44OO|____x_o_x_____o_x___________________________|25.18%|24.91%
1.1800|~46OO|x___x_o_______o_____________________________|26.42%|22.83%
1.1600|~48OO|x_o_x_______+_______________________________|27.67%|20.75%
1.1400|~5OOO|x_o_x_____+_________________________________|28.92%|18.66%
1.1200|~52OO|x_o_x___+___________________________________|30.17%|16.58%
1.1000|~54OO|x_o_x_+_____________________________________|31.41%|14.5%
1.0800|~56OO|x_o_+_______________________________________|32.66%|12.42%
1.0600|~58OO|x_+_________________________________________|33.91%|10.34%
1.0400|~6OOO|x___________________________________________|35.15%|8.25%
1.0200|~62OO|x___________________________________________|36.4%|6.17%
1.0000|~64OO|x___________________________________________|37.65%|4.09%
0.9800|~66OO|x___________________________________________|38.9%|2.01%
0.9600|~68OO|____________________________________________|40.14%|-0.07%
Column|||||||1_5_1_5_9_4_3_8_2_3_3_1_4_1_4_4_1_1_5_3_1_1_|
Count||||||||1___O___________1_____O___2_____1_O_____O_3_|


BJF-Trading-Group-EURUSD_0515-L_%282%29.PNG
 

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Trade Idea: USD/CAD - Buy Limit at 1.044; Target: 1.084 ; Stop: 1.028.
=================================================

Since the middle of May, the USD/CAD has been trading in a bullish trend. Recently, the prices rebounded at its upper Fibonacci Fan and could recover at its Fan around 1.0645 (50.0). Now it seems that the USD could start a pull back. Important is a breakthrough of the 61.8 Fan. Also the crossing Stoch indicator through the signal line from below may indicate a further bullish trend.

"P&F USDCAD1440 Box Size 200X3 or(4.79%) HI/LO
Data 1.5995 - 0.9056 ~ 92 Month ~ 2812 Day
Database 2000 records 1.06469 (Last Close)
2002-09-13 00~00
2010-05-26 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"




BJF-Trading-Group_Excel_Chart
 
This pair fell to new lows this week. Prices eventually found temporary support from the trend-line for the rally up from the November ’09 lows and the lower channel line of the 4th of June descent. There are some bullish signs including momentum diverging bullishly and the Elliot wave count is showing a possible start of a small 4th wave although more upside is required to confirm. If this is the case the market may rise slowly over the next week to 90.50, which is also the lower border of the Ichimoku cloud.
A break lower, however, could lead to 87.00, the point and figure target down and also the old support lows from the ‘08/’09 bottom. They may also pause on the way down at a support at 88.17.

"P&F USDJPY10080 Box Size60X3 or(10.05%) HI/LO
Data 278.31 - 79.75 ~ 389 Month ~ 11858 Day
Database 1695 records 89.223 (Last Close)
1978-01-01 00~00
2010-06-20 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

282.00|~6OO||____________+___________________________|-1.33%|253.61%
276.00|~12OO|____________x_+_________________________|0.83%|246.08%
270.00|~18OO|____________x_o_+_______________________|2.99%|238.56%
264.00|~24OO|____________x_o___+_____________________|5.14%|231.03%
258.00|~3OOO|____x_______x_o_____x___________________|7.3%|223.51%
252.00|~36OO|____x_o_____x_o_____x_o_________________|9.45%|215.99%
246.00|~42OO|____x_o_x___x_o_x___x_o_+_______________|11.61%|208.46%
240.00|~48OO|____x_o_x_o_x_o_x_o_x_o___+_____________|13.77%|200.94%
234.00|~54OO|__o_x_o_x_o_x_o_x_o_x_o_____+___________|15.92%|193.42%
228.00|~6OOO|__o_x_o_x_o_x_o___o_+_o_______+_________|18.08%|185.89%
222.00|~66OO|__o_x_o_x_o_x_____+___o_________+_______|20.23%|178.37%
216.00|~72OO|__o_x_o_x_o_____+_____o___________+_____|22.39%|170.85%
210.00|~78OO|__o_x_o_x_____+_______o_____________+___|24.54%|163.32%
204.00|~84OO|__o_x_o_____+_________o_______________+_|26.7%|155.8%
198.00|~9OOO|__o_x_____+___________o_________________|28.86%|148.28%
192.00|~96OO|__o_x___+_____________o_________________|31.01%|140.75%
186.0|~1O2OO|__o_x_+_______________o_________________|33.17%|133.23%
180.0|~1O8OO|__o_+_________________o_________________|35.32%|125.71%
174.0|~114OO|__+___________________o_________________|37.48%|118.18%
168.0|~12OOO|______________________o_________________|39.64%|110.66%
162.0|~126OO|______________________o_________________|41.79%|103.13%
156.0|~132OO|______________________o_x_______________|43.95%|95.61%
150.0|~138OO|______________________o_x_o_____________|46.1%|88.09%
144.0|~144OO|______________________o_x_o_x___________|48.26%|80.56%
138.0|~15OOO|______________________o_x_o_x_o_________|50.42%|73.04%
132.0|~156OO|______________________o_x_o_x_o_x_______|52.57%|65.52%
126.0|~162OO|______________________o___o_x_o_x_o_____|54.73%|57.99%
120.0|~168OO|__________________________o_x_o_x_o_x___|56.88%|50.47%
114.0|~174OO|__________________________o_x_o_x_o_x_o_|59.04%|42.95%
108.0|~18OOO|__________________________o_x_o_x_o_x_o_|61.19%|35.42%
102.0|~186OO|__________________________o_x_o___o___o_|63.35%|27.9%
96.00|~192OO|__________________________o_x___+_____o_|65.51%|20.38%
90.00|~198OO|__________________________o_x_+_______o_|67.66%|12.85%
84.00|~2O4OO|__________________________o_+_________+_|69.82%|5.33%
78.00|~21OOO|__________________________+_____________|71.97%|-2.19%
Column|||||||O_1_1_9_7_5_1_8_3_3_5_2_5_1_1_7_5_5_3_5_|
Count||||||||__O_3_______O_________2___2_O___________|




BJF-Trading-Group_Excel_Chart
 
The EUR penetrated resistance at 1.2500 and the descending trend line. It is too early to call this a reversal, but the primary down trend is weakening. Expect retracement to test the new support level at 1.2500. Failure of the rising trend line would warn of a primary down swing with a target of parity - confirmed if support at 1.1900 is broken. Respect of support would suggest a reversal, but confirmation would only come from a higher trough followed by a new high.

"P&F EURUSD240 Box Size 10X3 or(2.22%) HI/LO
Data 1.5144 - 1.1876 ~ 8 Month ~ 247.17 Day
Database 1050 records 1.29296 (Last Close)
2009-11-11 16~00
2010-07-16 20~00 (GMT+01:00) Paris
_http://docs.google.com/View?id=dcftkq53_160f5rf86gg#EURUSD240
BJF Trading Group MDunleavy chart"

1.5100|~1OO||____x_+___________________|0.29%|27.15%
1.5000|~2OO||x_o_x_o_+_________________|0.95%|26.31%
1.4900|~3OO||x_o_x_o___+_______________|1.61%|25.46%
1.4800|~4OO||______o_____+_____________|2.27%|24.62%
1.4700|~5OO||______o_______+___________|2.93%|23.78%
1.4600|~6OO||______o_________+_________|3.59%|22.94%
1.4500|~7OO||______o___________+_______|4.25%|22.09%
1.4400|~8OO||______o_____________+_____|4.91%|21.25%
1.4300|~9OO||______o_______________+___|5.57%|20.41%
1.4200|~1OOO|______o_________________+_|6.23%|19.57%
1.4100|~11OO|______o___________________|6.89%|18.73%
1.4000|~12OO|______o___________________|7.55%|17.88%
1.3900|~13OO|______o___________________|8.21%|17.04%
1.3800|~14OO|______o_x_________________|8.87%|16.2%
1.3700|~15OO|______o_x_o_______________|9.54%|15.36%
1.3600|~16OO|______o_x_o_x_____________|10.2%|14.52%
1.3500|~17OO|______o___o_x_o___________|10.86%|13.67%
1.3400|~18OO|__________o_x_o___________|11.52%|12.83%
1.3300|~19OO|__________o___o___________|12.18%|11.99%
1.3200|~2OOO|______________o___________|12.84%|11.15%
1.3100|~21OO|______________o___________|13.5%|10.31%
1.3000|~22OO|______________o_x_______x_|14.16%|9.46%
1.2900|~23OO|______________o_x_o_____x_|14.82%|8.62%
1.2800|~24OO|______________o_x_o_____x_|15.48%|7.78%
1.2700|~25OO|______________o_x_o_____x_|16.14%|6.94%
1.2600|~26OO|______________o___o_x___x_|16.8%|6.1%
1.2500|~27OO|__________________o_x_o_x_|17.46%|5.25%
1.2400|~28OO|__________________o_x_o_x_|18.12%|4.41%
1.2300|~29OO|__________________o_x_o_x_|18.78%|3.57%
1.2200|~3OOO|__________________o___o_x_|19.44%|2.73%
1.2100|~31OO|______________________o_x_|20.1%|1.89%
1.2000|~32OO|______________________o_x_|20.76%|1.04%
1.1900|~33OO|______________________o_+_|21.42%|0.2%
1.1800|~34OO|______________________+___|22.08%|-0.64%
Column|||||||2_2_3_1_3_5_3_1_4_8_4_7_1_|
Count||||||||______6_______O_________1_|


BJF-Trading-Group-EurUsd0717tumb.PNG
BJF-Trading-Group-EurUsd0717.PNG

BJF Trading Group. Excel Chart. Full size attached.
 

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Hello MDunleavy, would just like to say thanx for the effort and energy you put into this thread. I am very new to trading, so a lot of what you say does'nt make sense, but I am continually reading these threads in the hope that I can at least top up my meagre pension by becoming a successful trader.
Very kind regards,
David
 
This week, US data and the European bank stress test results stole most of the headlines. Canada has quietly seen their currency strengthen towards the lower part of its' recent range. Tuesday saw an increase of 25 basis points on their overnight rate. Canadian Retail Sales and Consumer Price Index printed below expectations, but the currency benefited from the stabilization of commodities. While the outlook for future rate hikes is dismal, the Canadian economy is significantly in a better position than the US.Written by FX Solutions.USDCAD strength can continue towards 1.02.

"P&F USDCAD30 Box Size 40X3 or(1.15%) HI/LO
Data 1.0744 - 1.0138 ~ 2 Month ~ 58.98 Day
Database 2048 records 1.03572 (Last Close)
2010-05-25 23~00
2010-07-23 22~30 (GMT+01:00) Paris
_http://docs.google.com/View?id=dcftkq53_160f5rf86gg#USDCAD30
BJF Trading Group MDunleavy chart"

1.0760|~4O|||+_______________________________|-0.15%|6.14%
1.0720|~8O|||x_o_____________________________|0.22%|5.74%
1.0680|~12O||x_o_+_______________+___________|0.6%|5.35%
1.0640|~16O||__o___+_____x_______x_+_________|0.97%|4.95%
1.0600|~2OO||__o_____+___x_o_____x_o_+_______|1.34%|4.56%
1.0560|~24O||__o_x___x_+_x_o_____x_o_x_+_____|1.71%|4.16%
1.0520|~28O||__o_x_o_x_o_x_o_____x_o_x_o_+___|2.08%|3.77%
1.0480|~32O||__o_x_o_x_o_x_o_____x_o_x_o_x_+_|2.46%|3.37%
1.0440|~36O||__o___o___o_x_o_x___x_o_x_o_x_o_|2.83%|2.98%
1.0400|~4OO||__________o_x_o_x_o_x_o_x_o_x_o_|3.2%|2.58%
1.0360|~44O||__________o___o_x_o_x_o_x_o___o_|3.57%|2.19%
1.0320|~48O||______________o_x_o___o_x_____V_|3.95%|1.8%
1.0280|~52O||______________o_x_____o_______V_|4.32%|1.4%
1.0240|~56O||______________o_x___+_________V_4.69%|1.01%
1.0200|~6OO||______________o_x_+___________V_5.06%|0.61%
1.0160|~64O||______________o_+_____________V_5.44%|0.22%
1.0120|~68O||______________+_________________|5.81%|-0.18%
Column|~72O||2_8_3_3_3_5_7_1_7_3_8_9_7_5_3_3_|
Count||~76O||______________2_________________|


BJF-Trading-Group-UsdCad0722Mane.PNG
BJF-Trading-Group-UsdCad0722Lage.PNG
 

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The euro is testing the rising trendline; penetration would indicate that the recent rally has
weakened, and reversal below 1.2500 would indicate another test of primary support at 1.1900.
I remain bearish on EUR/USD.

"P&F EURUSD5 Box Size 25X3 or(0.58%) HI/LO
Data 1.3333 - 1.2663 ~ 1 Month ~ 23.49 Day
Database 5000 records 1.27105 (Last Close)
2010-07-28 11~15
2010-08-20 22~55 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

1.3325|~25|||______________+___________________________|0.06%|5.23%
1.3300|~5O|||______________x_o_________________________|0.25%|5.03%
1.3275|~75|||______________x_o_+_______________________|0.44%|4.83%
1.3250|~1OO||______x_______x_o___+_____________________|0.62%|4.64%
1.3225|~125||______x_o_x___x_o_x___+___________________|0.81%|4.44%
1.3200|~15O||______x_o_x_o_x_o_x_o___+_________________|1%|4.24%
1.3175|~175||______x_o_x_o_x_o_x_o_____+_______________|1.19%|4.04%
1.3150|~2OO||______x_o_x_o___o_x_o_______+_____________|1.37%|3.85%
1.3125|~225||______x_o_____+_o_x_o_________+___________|1.56%|3.65%
1.3100|~25O||__x___x_____+___o_x_o___________+_________|1.75%|3.45%
1.3075|~275||__x_o_x___+_____o___o_____________+_______|1.94%|3.25%
1.3050|~3OO||__x_o_x_+___________o_______________+_____|2.12%|3.06%
1.3025|~325||o_x_o_x_____________o_________________+___|2.31%|2.86%
1.3000|~35O||o_x_o_______________o___________________+_|2.5%|2.66%
1.2975|~375||o_+_________________o_____________________|2.69%|2.46%
1.2950|~4OO||+___________________o_____________________|2.87%|2.27%
1.2925|~425||____________________o_x___________________|3.06%|2.07%
1.2900|~45O||====================o=x=o=x===x===x===x===|3.25%|1.87%
1.2875|~475||____________________o_x_o_x_o_x_o_x_o_x_o_|3.44%|1.67%
1.2850|~5OO||____________________o___o_x_o_x_o_x_o_x_o_|3.62%|1.48%
1.2825|~525||________________________o_x_o_x_o___o_x_o_|3.81%|1.28%
1.2800|~55O||________________________o___o_x_____o_x_o_|4%|1.08%
1.2775|~575||============================o=x=====o=+=o=|4.19%|0.88%
1.2750|~6OO||____________________________o_______+___o_|4.37%|0.69%
1.2725|~625||________________________________________o_|4.56%|0.49%
1.2700|~65O||________________________________________o_|4.75%|0.29%
1.2675|~675||________________________________________o_|4.94%|0.09%
1.2650|||||||________________________________________+_|5.12%|-0.1%
Column|||||||3_5_4_1_5_4_3_6_1_6_1_3_5_4_6_6_3_3_5_5_9_|
Count||||||||______O_________O___5_____________________|

2010-Aug-21_162059Mane.PNG
2010-Aug-21_162059Large.PNG

BJF Trading Group. Excel Chart. Full size attached.
 

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Trade Idea:EUR/USD - Buy Stop at 1.3900; Target: 1.4350 ; Stop: 1.3800.

"P&F EURUSD1 Box Size 12X3 or(0.26%) HI/LO
Data 1.4151 - 1.3862 ~ 0.12 Month ~ 3.44 Day
Database 2010 records 1.3873 (Last Close)
2010-10-14 21~15
2010-10-18 07~55 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"
1.4160|~12|||________+_______________|-0.06%|
1.4148|~24|||________x_+_____________|0.02%||
1.4136|~36|||________x_o_+___________|0.11%||
1.4124|~48|||________x_o___+_________|0.19%||
1.4112|~6O|||____x___x_o_____+_______|0.28%||
1.4100|~72|||____x_o_x_o_______+_____|0.36%||
1.4088|~84|||____x_o_x_o_x_______+___|0.45%||
1.4076|~96|||x___x_o___o_x_o_______+_|0.53%||
1.4064|~1O8||x_o_x_____o_x_o_________|0.61%||
1.4052|~12O||__o_x_____o___o_________|0.7%|11
1.4040|~132||__o_x_________o_x_______|0.78%||
1.4028|~144||__o_x_________o_x_o_____|0.87%||
1.4016|~156||__o___________o_x_o_x___|0.95%||
1.4004|~168||______________o_x_o_x_o_|1.04%||
1.3992|~18O||______________o___o_x_o_|1.12%||
1.3980|~192||__________________o_+_o_|1.21%||
1.3968|~2O4||__________________+___o_|1.29%||
1.3956|~216||______________________o_|1.38%||
1.3944|~228||______________________o_|1.46%||
1.3932|~24O||______________________o_|1.55%||
1.3920|~252||______________________o_|1.63%||
1.3908|~264||______________________o_|1.72%||
1.3896|~276||______________________o_|1.8%|||
1.3884|~288||======================o=o1.89%||
1.3872|~3OO||______________________o_|1.97%||
1.3860|~312||______________________+_|2.06%||
Column|||||||2_5_8_3_6_8_3_8_4_5_3_1_||||||||
Count||||||||______________________2_||||||||


10oct180749.png
10oct180825.png

BJF Trading Group. Excel Chart. Full size attached.
 

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  • 10Oct180928.pdf
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I remain bullish on USD/CAD.
Trade Idea: USD/Cad - Buy (Stop) at 1.0280; Target: 1.0480 ; Stop: 1.0200.
See the details on the charts.

"P&F USDCAD10080 Box Size 250X3 or(5.94%) HI/LO
Data 1.6196 - 0.9056 ~ 246.9 Month ~ 7259 Day
Database 1038 records 1.02573 (Last Close)
1990-12-02 00~00
2010-10-17 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

1.6250|~25O||____________+_______________________________|-0.33%|79.44%
1.6000|~5OO||________x___x_+_____________________________|1.21%|76.68%
1.5750|~75O||____x___x_o_x_o_+___________________________|2.75%|73.92%
1.5500|~1OOO|____x_o_x_o_x_o___+_________________________|4.3%|71.16%
1.5250|~125O|____x_o_x_o___o_____+_______________________|5.84%|68.4%
1.5000|~15OO|____x_o_x_____o_______+_____________________|7.38%|65.64%
1.4750|~175O|____x_o_x_____o_________+___________________|8.93%|62.88%
1.4500|~2OOO|____x_o_____+_o___________+_________________|10.47%|60.11%
1.4250|~225O|x___x_____+___o_____________+_______________|12.02%|57.35%
1.4000|~25OO|x_o_x___+_____o_x_____________+_____________|13.56%|54.59%
1.3750|~275O|x_o_x_+_______o_x_o_____________+___________|15.1%|51.83%
1.3500|~3OOO|x_o_+_________o_x_o_______________+_________|16.65%|49.07%
1.3250|~325O|x_+___________o_x_o_________________+_______|18.19%|46.31%
1.3000|~35OO|x_____________o_x_o_________x___x___x_+_____|19.73%|43.55%
1.2750|~375O|x_____________o___o_________x_o_x_o_x_o_+___|21.28%|40.79%
1.2500|~4OOO|x_________________o_x_______x_o_x_o_x_o___+_|22.82%|38.03%
1.2250|~425O|x_________________o_x_o_____x_o_x_o_x_o_____|24.36%|35.27%
1.2000|~45OO|x_________________o_x_o_____x_o_x_o___o_____|25.91%|32.51%
1.1750|~475O|x_________________o___o_x___x_o_x_____o_____|27.45%|29.75%
1.1500|~5OOO|x_____________________o_x_o_x_o_______o_____|28.99%|26.99%
1.1250|~525O|______________________o_x_o_x_________o_____|30.54%|24.23%
1.1000|~55OO|______________________o___o_x_________o_____|32.08%|21.47%
1.0750|~575O|__________________________o_x_________o_x___|33.63%|18.71%
1.0500|~6OOO|__________________________o_x_________o_x_o_|35.17%|15.95%
1.0250|~625O|==========================o=x=======+=o=x=o=x36.71%|13.18%
1.0000|~65OO|__________________________o_x_____+___o_+_o_|38.26%|10.42%
0.9750|~675O|__________________________o_x___+_____+___+_|39.8%|7.66%
0.9500|~7OOO|__________________________o_x_+_____________|41.34%|4.9%
0.9250|~725O|__________________________o_+_______________|42.89%|2.14%
0.9000|~75OO|__________________________+_________________|44.43%|-0.62%
Column|||||||1_3_9_5_6_3_3_1_5_9_3_6_3_1_1_6_6_4_4_1_3_3_|
Count||||||||2_____________3___________O_5_________2_____|


10oct241520.png
10oct241529.png


BJF Trading Group. Excel Chart. Full size attached.
 

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_____I remain bullish on USD/JPY.
_____Dollar/Yen bottomed out and is now recovering, even without an intervention by the Bank of Japan.
_____The weakness of the Japanese economy is likely to be confirmed now, pushing the pair higher.
_____Trade Idea: Usd/Jpy - Buy (Stop Limit) at 82.40; Target: 84.00 ; Stop: 81.60.

"P&F USDJPY10080 Box Size 270X4 or(9.5%) HI/LO
Data 147.71 - 79.75 ~ 247.38 Month ~ 7273 Day
Database 1040 records 82.518 (Last Close)
1990-12-09 00~00
2010-11-07 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

148.5|~27O||________________+_______________________|-0.53%|86.21%
145.8|~54O||________________x_+_____________________|1.29%|82.82%
143.1|~81O||+_______________x_o_+___________________|3.12%|79.44%
140.4|~1O8O|x_+_____________x_o___+_________________|4.95%|76.05%
137.7|~135O|x_o_+___________x_o_____+_______________|6.78%|72.66%
135.0|~162O|x_o_x_+_________x_o_____x_+_____________|8.6%|69.28%
132.3|~189O|x_o_x_o_+_______x_o_____x_o_+___________|10.43%|65.89%
129.6|~216O|__o_x_o___+_____x_o_____x_o___+_________|12.26%|62.51%
126.9|~243O|__o_x_o_____x___x_o_____x_o_____+_______|14.09%|59.12%
124.2|~27OO|__o_+_o_____x_o_x_o_x___x_o_______+_____|15.92%|55.74%
121.5|~297O|__+___o_____x_o_x_o_x_o_x_o_x_______+___|17.74%|52.35%
118.8|~324O|______o_____x_o_x_o_x_o_x_o_x_o_______+_|19.57%|48.97%
116.1|~351O|______o_____x_o_x_o_x_o_x_o_x_o_________|21.4%|45.58%
113.4|~378O|______o_x___x_o_x_o_x_o_x_o_x_o_________|23.23%|42.19%
110.7|~4O5O|______o_x_o_x_o___o___o_x_o_x_o_________|25.06%|38.81%
108.0|~432O|______o_x_o_x_________o_x_o_x_o_x_______|26.88%|35.42%
105.3|~459O|______o_x_o_x_________o_x_o_x_o_x_o_____|28.71%|32.04%
102.6|~486O|______o_+_o_x_________o___o_+_o_x_o_____|30.54%|28.65%
99.90|~513O|______+___o_x_____________+___o_x_o_x___|32.37%|25.27%
97.20|~54OO|__________o_x___________+_____o_+_o_x_o_|34.2%|21.88%
94.50|~567O|__________o_x_________+_______+___o_x_o_|36.02%|18.5%
91.80|~594O|__________o_x_______+_____________o_x_o_|37.85%|15.11%
89.10|~621O|__________o_x_____+_______________o_+_o_|39.68%|11.72%
86.40|~648O|__________o_x___+_________________+___o_|41.51%|8.34%
83.70|~675O|==========o=x=+=======================o=X3.33%|4.95%
81.00|~7O2O|__________o_+_________________________o_|45.16%|1.57%
78.30|~729O|__________+___________________________+_|46.99%|-1.82%
Column||||||4_6_4_1_4_1_1_6_1_1_5_8_1_1_7_9_4_7_4_7_|
Count|||||||______2___2_7___3_3_____2_2_____________|


10Nov142046.PNG
10Nov142314.PNG


BJF Trading Group. Excel Chart. Full size attached.
 

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