Follow the money, Eur/Jpy focus group.

expiated said:
In my view, EURJPY saw its 32- and 40-day baselines turn bullish in August of 2020. However, the former turned slightly bearish last month and the latter is now neutral. Given that the rate has been treading water for the last three days at the top of the six-day price range, I'm looking to sell the pair. But first, I need permission in the form of a downward reversal in the 24- and 48-hour baselines. For me, it would make sense to take profit near the bottom of the six-day price range, which I calculate to be somewhere in the neighborhood of 128.63.
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expiated said:
Seeing as how you joined ET on September 25, 2005, I thought this was going to be a friendly thread started by a confident, experienced trader who wanted to share ideas about EURJPY mostly for fun. But, now I'm thinking perhaps your outlook is kind of negative, which is not really my thing. So, it's probably best if I just leave you to do what you do, and ignore it going forward. Still, I wish you the best of luck! And I hope that EURJPY's 24- and 48-hour baselines turn south soon, so that you can finally begin experiencing success shorting the pair..:thumbsup:
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That won't happen, because you are a total narcissist.
 
Hello everyone, I am going to call an end to EurJpy moving south. My first sell was at about 131.00 then has continued until now. The purple line in chart (132.08) represents average price since my first sell call on the 12th. With the quick move up in the beginning, followed by the slower move south, lead to more chances to short if averaging in daily.

6 trading days it moved up, 11 trading days down.

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