Relevant articles for you


A wave of risk appetite swept across Asian equity markets on Monday in a rally fuelled partly by dovish remarks on Friday from St. Louis Fed president James Bullard, who said the projected path for rate increases may be “overly aggressive”. Meanwhile, oil prices rose on speculation of deeper-for-longer production cuts.
Short term
Trade view / 08 September 2016 at 10:23 GMT

EURJPY set to continue lower

Technical Analyst / FuturesTechs
United Kingdom
Instrument: EURJPY
Price target:
Market price:

Either side of the weekend EURJPY posted a bearish-engulfing pattern, a major reversal pattern in Japanese Candlestick Analysis. We have seen steady confirmation of this pattern with weakness seen subsequently. This has paused today and looking at my charts we have a level above that could be worth using as a reference for a short trade ( a low volume node on the profile).

Looking at the "bigger picture", there is no doubt we are in a downtrend so a short trade fits in with the longer-term skew for this pair.

Management and risk description

It's a pretty tight stop anyway, but once the first target is hit the stop can be moved to entry.


Entry: sell around 114.60-65.

Stop: above 115.30.

Targets: 113.50, 112.50, maybe even 111.00.

Time horizon:  1-2 weeks for the first two targets. might need a little longer for the third!

Daily Candlestick ChartEURJPY Daily

Weekly Bar chart

 — Edited by Martin O'Rourke

More from Clive Lambert

Non-independent investment research disclaimer applies. Read more
08 September
bancodemon bancodemon
Opened short trade yesterday but now reading this, and looking at charts now, obvious I went in too early..
08 September
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Just make sure you have your stop in as Draghi is talking soon.
08 September
bancodemon bancodemon
08 September
Rofhiwa Thomoli Rofhiwa Thomoli
It seems like things changed on this analysis.
08 September
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
I also feel 115.05-25 is a strong area of resistance, hence the stop is placed above here, so you can stick with it through the Draghi presser if you wish, but as I said make sure you have a stop in.
08 September
bancodemon bancodemon
I'm sticking to it...I feel there is going to be a massive u-turn...somewhere around 115.5
08 September
andywielkiszu andywielkiszu
08 September
edo edo
I sold at 114.70, but I am holding onto it til 115.70, what do you think?
09 September
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
I've been stopped out. Edo, are you saying you've got a stop at 115.70? You might be alright!!
09 September
edo edo
Yes I do, Clive. The up movement lost a bit of momentum, fingers crossed!


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail