Partner Center Find a Broker

I hope you guys enjoyed your Halloween weekend! I sure did… It’s the only time of the year that I can be myself without drawing too much attention in public places! Haha!

Speaking of drawing attention, these levels on my favorite crosses caught my eye as I was checking out my charts. Have a look!

EUR/JPY

EUR/JPY Hourly Chart

I think the key level to watch on EUR/JPY this week is 103.00. Check it out, bros! Price had a tough time crossing this mark last week, and so far, it’s doing a pretty good job holding as support. If it continues to hold, EUR/JPY could end up making its way back up to 104.00. If it breaks, the bottom WATR could be its next stop.

  • WO: 103.12
  • Top WATR: 104.28
  • Bottom WATR: 101.96
  • PWH: 104.60
  • PWL: 102.69

GBP/JPY

GBP/JPY Hourly Chart

I’m not quite ready to commit to a position on this pair since it’s still so early in the week. I plan to wait ’til it hits one of the confluence zones around 129.50 or 127.00 before I consider trading a reversal or a breakout.

  • WO: 128.33
  • Top WATR: 129.46
  • Bottom WATR: 127.20
  • PWH: 129.66
  • PWL: 126.71

EUR/GBP

EUR/GBP Hourly Chart

Big Pippin pointed out a nice rising trend line on his EUR/GBP daily chart, so I’m expecting this pair to continue climbing. I think the road is clear for a rally at least until the .8100 handle. On the other hand, I’ll be looking to get short in case this pair breaks the trend line and trades below the .8000 handle.

  • WO: 0.8037
  • Top WATR: 0.8090
  • Bottom WATR: 0.7984
  • PWH: 0.8166
  • PWL: 0.8001

Q3 2012 Trading Performance Review
Read about my trading framework
Follow me on MeetPips.com
Follow me on Twitter
Like my Facebook page
Join my circle on Google+

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.