EUR.JPY

[peat]

??? guess my stop at 150.89 got taken then.... [:I]
looks like some Jpy GDP figures came out....
GDP QoQ 0.5 v 0.2
Annualized 2.0 v 1.0
Deflator -0.8 v - 0.7

[miner]

Bummer peat,I was long eur/usd but the b*gger didn't run the same so B/E stop got hit,and now it's going back up[B)].

Cheers
Miner

[peat]

stealing this comment from another forum ...

" 150.75 previous double top, 150.80 yesterday low, 150.69 today's low (so far)...it seems this area become strong support now? "

[miner]

Maybe remember I mentioned 150.73 yesterday,maybe let it settle first?,but best to do your own thing.

Cheers
Miner

[miner]

Peat if your looking for a long it looks like it may be doing the back to test thing,15min,5min charts for 150.69,so might be a long off that.

Cheers
Miner

[peat]

too distracted at work to decide.... will review this evening.

[miner]

Good decision as unless your mind is 100% on the job don't play.

Cheers
Miner

[peat]

was braver last night and got in at 150.91 (my previous stop out) and closed just now for +50 ...
todays green candle really adds a lot more weight to the breakout
and it completes the rising three methods candle pattern formed over the previous 4 days. altho the first dark candle of the pattern looked suspiciously like a bearish harami cross.

[miner]

[8D]

[peat]

a lot talk around today about PBOC buying Yen.

Yen Rises After China Central Bank Says It Bought the Currency
By Ron Harui and Chris Young

Nov. 16 (Bloomberg) -- The yen gained after China's central bank said it had bought Japan's currency with its foreign exchange reserves, the world's largest at $1 trillion.

Asked whether the central bank had been buying yen, People's Bank of China Deputy Governor Wu Xiaoling said: ``We have.'' She declined to say if the pace of buying had increased. Central banks in Russia, Switzerland and New Zealand are building holdings of yen, anticipating Japan's currency will rebound from a 20-year low on rising interest rates and the longest economic expansion since World War II.