EURJPY MANAGED FOR 14-15 % MED TERM TARGET ZONE (1600 PIPS)
THE ECB AND BOJ MANAGED THE EURJPY MEDIUM TERM EXCHANGE RATE TARGET ZONE FOR 14 % BUT NEAR TO 15 %. BASED ON 123.00 BASELINE FOR MEASUREMENT, THE EURJPY MANAGED 7-7.5 % TO DOWNWARD AND 7-7.5 % TO UPWARD.
CURRENTLY, THE EURJPY STANDS AT 130.25 AFTER TURNED AT 131.25 (EURUSD TRICKY TURNING AT 1.1887 AND BROKEN). THE CURRENT MANAGEMENT FOR EURUSD FOR 15 % WIDTH OF MEDIUM TARGET ZONE (1.0400//1.2000) MAY NOT HAVE SUBSTANTIAL IMPACT ON THE EURJPY AT CURRENT RATE 1.1920 FOR EURUSD. SHOULD EURUSD TO REACH 1.2000 THEN EURJPY MAY PUSHED UP TO 131.00 BY ALLOWING THE ECB AND BOJ TO HOLD THE 131.25 AS THE ACTUAL TURNING POINT FOR 14-15 % WIDTH OF MEDIUM TERM TARGET ZONE. ACCORDINGLY, THE FOLLOWING TRADE IS RECOMMENDED TO AS FOLLOWS:
SHORT EURJPY AT 130.20/131.00
STOP LOSS AT 133.00 (INCLUDING 1 % TOLERANCE)
TARGET 1. 123.00 (700 PIPS)
TARGET 2. 115.00 (1500 PIPS)
DURATION: 3-5 MONTHS
RISK TYPE: LOWER RISK
BAND RISK CLASSIFICATION:
MEDIUM TERM BAND - LOWER RISK
SHORT TERM BAND - LOW RISK
MONTHLY TERM BAND - HIGH RISK
WEEKLY TERM BAND - HIGHER RISK
DAILY TERM BAND - HIGHEST RISK
CURRENTLY, THE EURJPY STANDS AT 130.25 AFTER TURNED AT 131.25 (EURUSD TRICKY TURNING AT 1.1887 AND BROKEN). THE CURRENT MANAGEMENT FOR EURUSD FOR 15 % WIDTH OF MEDIUM TARGET ZONE (1.0400//1.2000) MAY NOT HAVE SUBSTANTIAL IMPACT ON THE EURJPY AT CURRENT RATE 1.1920 FOR EURUSD. SHOULD EURUSD TO REACH 1.2000 THEN EURJPY MAY PUSHED UP TO 131.00 BY ALLOWING THE ECB AND BOJ TO HOLD THE 131.25 AS THE ACTUAL TURNING POINT FOR 14-15 % WIDTH OF MEDIUM TERM TARGET ZONE. ACCORDINGLY, THE FOLLOWING TRADE IS RECOMMENDED TO AS FOLLOWS:
SHORT EURJPY AT 130.20/131.00
STOP LOSS AT 133.00 (INCLUDING 1 % TOLERANCE)
TARGET 1. 123.00 (700 PIPS)
TARGET 2. 115.00 (1500 PIPS)
DURATION: 3-5 MONTHS
RISK TYPE: LOWER RISK
BAND RISK CLASSIFICATION:
MEDIUM TERM BAND - LOWER RISK
SHORT TERM BAND - LOW RISK
MONTHLY TERM BAND - HIGH RISK
WEEKLY TERM BAND - HIGHER RISK
DAILY TERM BAND - HIGHEST RISK
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EURJPY CLOSELY WATCHED, THE 7.55 % WIDTH OF BAND TO UPWARD ALREADY REACHED AT 131.25/30.
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SHORT EURJPY 0.41% AT 130.20/131.00
STOP LOSS AT 133.00 (INCLUDING 1 % TOLERANCE)
TARGET 1. 123.00 (700 PIPS)
TARGET 2. 115.00 (1500 PIPS)
DURATION: 3-5 MONTHS
RISK TYPE: LOWER RISK (STOP LOSS ABOVE UPPER MED TERM BAND)
STOP LOSS AT 133.00 (INCLUDING 1 % TOLERANCE)
TARGET 1. 123.00 (700 PIPS)
TARGET 2. 115.00 (1500 PIPS)
DURATION: 3-5 MONTHS
RISK TYPE: LOWER RISK (STOP LOSS ABOVE UPPER MED TERM BAND)
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THE EURJPY MEDIUM TERM PRICE STABILITY ALSO COULD BE TRADED BY HIGH FREQUENCY TRADE AS ILLUSTRATED ON EURCAD TO DOUBLE AND TO TRIPLE OR MORE THE PROFIT EXPECTATION FROM THE TARGET ZONE
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