SELL EURJPY 131.50 Oct.5, 2009

[DollarBull]

Early hours in London and EURJPY is at 131.50 with USDJPY knocking at 90.00 and EURUSD high at 1.46+ seems like a good opportunity to go SHORT for some 200 pip gain over the day. USDJPY is heavy above 90.00 and EURUSD has resistance at 1.4700 shows not much upside potential for EURJPY and could pull back under 129.00 as the day progresses.

You may also sell USDJPY and other JPY Crosses, in particular CHFJPY.

[DollarBull]

Hope you made some decent gains with the EURJPY forecast. Right now USDJPY appears to have hit a near term bottom (at 88.10) and EURUSD is looking like ready to reverse in 3 hour chart stochastics. Hence, it may be better to exit EURJPY and move into EURUSD short, and USDJPY Long for this week. USDJPY may remain in 88-90 range for a while and move down to 85-88 range next month. Hence, the long term prospects of EURJPY is rather bleak.

Early hours in London and EURJPY is at 131.50 with USDJPY knocking at 90.00 and EURUSD high at 1.46+ seems like a good opportunity to go SHORT for some 200 pip gain over the day.

[Muhammad Subhan]

your forecast is become true

[Muhammad Subhan]

Hope you made some decent gains with the EURJPY forecast. Right now USDJPY appears to have hit a near term bottom (at 88.10) and EURUSD is looking like ready to reverse in 3 hour chart stochastics. Hence, it may be better to exit EURJPY and move into EURUSD short, and USDJPY Long for this week. USDJPY may remain in 88-90 range for a while and move down to 85-88 range next month. Hence, the long term prospects of EURJPY is rather bleak.

good forecast