Point and Figure for Forex. Any pair.Charts.

[MDunleavy]

Trade Idea: Usd/Zar - Sell ⬇ (Stop Limit) at 7.00; Target: 6.8750/6.8000 ; Stop: 7.100.
In the case of failures.
Trade Idea: Usd/Zar - Sell ⬇ (Stop Limit) at 7.10; Target: 6.8750/6.8000 ; Stop: 7.1800.

Data 7.01 - 6.7969 ~ 0.3 Month ~ 9.13 Day
Database 2010 records 7.00581 (Last Close)
2011-01-11 05~55
2011-01-20 09~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

https://docs.google.com/View?id=dg3m7zmf_126c5nfqcx
https://docs.google.com/View?id=dcftkq53_237cvshswvk

7.0100|~1OO||__________________________________+__ _|0%|3.14%
7.0000|~2OO||__________________________________x_+ _|0.14%|2.99%
6.9900|~3OO||__________________________________x__ _|0.29%|2.84%
6.9800|~4OO||______________________________+___x__ _|0.43%|2.69%
6.9700|~5OO||__________+___+_______________x_+_x__ _|0.57%|2.55%
6.9600|~6OO||__________x_+_x_+_____________x_o_x__ _|0.71%|2.4%
6.9500|~7OO||__________x_o_x_o_+___________x_o_x__ _|0.86%|2.25%
6.9400|~8OO||__________x_o_x_o___+_________x_o____ _|1%|2.11%
6.9300|~9OO||__________x_o_x_o_____+_______x______ _|1.14%|1.96%
6.9200|~1OOO|__________x_o_x_o_______+_____x______ _|1.28%|1.81%
6.9100|~11OO|__________x_o___o_____x___x___x______ _|1.43%|1.66%
6.9000|~12OO|__+_______x_____o_____x_o_x_o_x______ _|1.57%|1.52%
6.8900|~13OO|__x_+_____x_____o_x___x_o_x_o_x_____+ _|1.71%|1.37%
6.8800|~14OO|__x_o_+___x_____o_x_o_x_o_+_o_x___+__ _|1.85%|1.22%
6.8700|~15OO|__x_o___+_x_____o_x_o_x_+___o_x_+____ _|2%|1.08%
6.8600|~16OO|__x_o_____x_____o___o_x_____o_+______ _|2.14%|0.93%
6.8500|~17OO|__x_o_____x_________o_______+________ _|2.28%|0.78%
6.8400|~18OO|o_x_o_x___x_______+__________________ _|2.43%|0.63%
6.8300|~19OO|o_x_o_x_o_x_____+____________________ _|2.57%|0.49%
6.8200|~2OOO|o_+_o_x_o_x___+______________________ _|2.71%|0.34%
6.8100|~21OO|+___o_+_o_x_+________________________ _|2.85%|0.19%
6.8000|~22OO|____+___o_+__________________________ _|3%|0.05%
6.7900|~23OO|________+____________________________ _|3.14%|-0.1%
Column|~24OO|3_7_8_3_4_1_5_5_1_3_4_6_3_3_5_1_3_6_O _|
Count|~25OO||__________6_____O_____________1______ _|


BJF Trading Group. Excel Chart. Full size attached.

https://docs.google.com/leaf?id=0BxxKzvQ2GlM8ZTA5ZGQxNDEtZjJjMS00ODg4LWJlYzMtYjE1NWU1MjNlMzFk&sort=name&layout=list&num=50

[MDunleavy]

*DXY as forecasted achieved the 78 handle.
*This manifested on our screens this week and was mainly due to the Leadership of EURUSD to the upside above the long awaited StopHunt over 1.3497,there were still many undercurrents of coming USD strength.The undercurrents came in the form of risk aversion pairs USDCAD, USDJPY and USDCHF staging rather dramatic advances in the face of DXY weakness throughout most of the trading week.
*One reason of course is the upside leader EURUSD has the heaviest weighting in the DXY basket, but I suspect big players are beginning to take off risk and are also hedging as multiple asset classes are breaking down and or topping.(ForexStopHunters)
*U.S. DOLLAR INDEX: Dropped nearly 1% on Friday to 78.12, which would mark its lowest close since November 12.

http://img593.imageshack.us/img593/2894/big11jan231133.png
Full size.

"P&F _DXY10080 Box Size1 70X3 or(5.33%) HI/LO
Data 120.51 - 70.7 ~ 215.72 Month ~ 6566 Day
Database 939 records 78.14 (Last Close)
1993-01-24 00~00 ~ 17.98 Years
2011-01-16 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

http://docs.google.com/View?id=dg3m7zmf_24hf487zfd

120.7|~17O||________________________+___+_________ __________________|-0.16%|70.72%
119.0|~34O||____________________+___x_o_x_+_______ __________________|1.25%|68.32%
117.3|~51O||____________________x_+_x_o_x_o_+_____ __________________|2.66%|65.91%
115.6|~68O||____________________x_o_x_o_x_o___+___ __________________|4.07%|63.51%
113.9|~85O||____________________x_o_x_o_x_o_____+_ __________________|5.49%|61.1%
112.2|~1O2O|____________________x_o_x_o___o_______ +_________________|6.9%|58.7%
110.5|~119O|____________________x_o_x_____o_______ __+_______________|8.31%|56.29%
108.8|~136O|____________________x_o_______o_______ ____+_____________|9.72%|53.89%
107.1|~153O|____________________x_________o_______ ______+___________|11.13%|51.49%
105.4|~17OO|________________+___x_________o_______ ________+_________|12.54%|49.08%
103.7|~187O|____________+___x_+_x_________o_______ __________+_______|13.95%|46.68%
102.0|~2O4O|________+___x_+_x_o_x_________o_______ ____________+_____|15.36%|44.27%
100.3|~221O|________x_+_x_o_x_o_x_________o_______ ______________+___|16.77%|41.87%
98.60|~238O|____+___x_o_x_o_x_o_________+_o_x_____ ________________+_|18.18%|39.46%
96.90|~255O|____x_+_x_o_x_o_x_________+___o_x_o___ __________________|19.59%|37.06%
95.20|~272O|+___x_o_x_o___o_x_______+_____o_x_o___ __________________|21%|34.65%
93.50|~289O|x_+_x_o_x_____o_______+_______o_+_o___ __________________|22.41%|32.25%
91.80|~3O6O|__o_x_o_x___________+_________+___o_x_ __x_______________|23.82%|29.84%
90.10|~323O|__o_x_o_x_________+_______________o_x_ o_x_o_____________|25.23%|27.44%
88.40|~34OO|__o_+_o_x_______+_________________o_x_ o_x_o_x___x___x___|26.65%|25.04%
86.70|~357O|__+___o_x_____+___________________o_x_ o_x_o_x_o_x_o_x_o_|28.06%|22.63%
85.00|~374O|______o_x___+_____________________o_+_ o_x_o_x_o_x_o_x_o_|29.47%|20.23%
83.30|~391O|______o_x_+_______________________+___ o_x_o_x_o_x_o_x_o_|30.88%|17.82%
81.60|~4O8O|______o_+_____________________________ o_+_o_x_o_x_o_x_o_|32.29%|15.42%
79.90|~425O|______+_______________________________ +___o_x_o_x_o_x_o_|33.7%|13.01%
78.20|~442O|====================================== ====o=x=o===o=x=o=|35.11%|10.61%
76.50|~459O|______________________________________ ____o_x_____o_x_o_|36.52%|8.2%
74.80|~476O|______________________________________ ____o_x___+_o_+___|37.93%|5.8%
73.10|~493O|______________________________________ ____o_x_+___+_____|39.34%|3.39%
71.40|~51OO|______________________________________ ____o_+___________|40.75%|0.99%
69.70|~527O|______________________________________ ____+_____________|42.16%|-1.41%
Column||||||1_3_5_9_1_3_4_5_6_3_1_5_6_5_4_1_3_8_4_ 6_6_1_1_6_6_8_8_7_|
Count|||||||________1___________1_________5_______ ____2_O___________|

*But nevertheless! Prediction. Up from 77.74 to 79.58!

BJF Trading Group. Excel Chart. Full size attached.

https://docs.google.com/View?id=dcftkq53_237cvshswvk

[MDunleavy]

*AUD\SEK outlook.( AUD\SEK = AUD\USD X USD\SEK )
*Rally from 6.2635 to 6.4903. Up 2% in one day!
*It was last Friday 28 January. Today rally was
continued until 6.5018.
*In the future, we will probably see correction,
pullback, consolidation in this range.
*See charts below.

"P&F AUDSEK5 Box Size 50X3 or(0.23%) HI/LO
Data 6.5018 - 6.3625 ~ 0.15 Month ~ 4.7 Day
Database 768 records 6.45088 (Last Close)
2011-01-26 18~15
2011-01-31 11~10 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

Charts_Review_More_Pictures
https://docs.google.com/View?id=dg3m7zmf_28g4bmvtgt
https://docs.google.com/View?id=dcftkq53_237cvshswvk

6.5000|~5O|||_____________________________________ ___x_+_|0.03%|2.16%
6.4950|~1OO||________________________________+____ ___x_o_|0.1%|2.08%
6.4900|~15O||________________________________x_+__ ___x_o_|0.18%|2%
6.4850|~2OO||________________________________x_o_+ ___x_o_|0.26%|1.93%
6.4800|~25O||________________________________x_o__ _+_x_o_|0.34%|1.85%
6.4750|~3OO||________+_______________________x_o_x ___x_o_|0.41%|1.77%
6.4700|~35O||________x_+_____________________x_o_x _o_x_o_|0.49%|1.69%
6.4650|~4OO||____x___x_o_+___________________x_o_x _o_x_o_|0.57%|1.61%
6.4600|~45O||x___x_o_x_o___+_________________x_o_x _o_x_o_|0.64%|1.53%
6.4550|~5OO||x=o=x=o=x=o=====+===============x=o=x =o===o=|0.72%|1.45%
6.4500|~55O||x_o_x_o___o_______+_____________x_o_x _____o_|0.8%|1.38%
6.4450|~6OO||x_o_______o_________+___________x_o_x _______|0.87%|1.3%
6.4400|~65O||x_________o___________+_________x_o_x _______|0.95%|1.22%
6.4350|~7OO||__________o_____________+_______x_o__ _______|1.03%|1.14%
6.4300|~75O||__________o_______________+_____x____ _______|1.1%|1.06%
6.4250|~8OO||__________o_x_______________+___x____ _______|1.18%|0.98%
6.4200|~85O||__________o_x_o_x___________x_+_x____ _______|1.26%|0.9%
6.4150|~9OO||__________o_x_o_x_o_x_______x_o_x____ _______|1.34%|0.83%
6.4100|~95O||__________o_x_o_x_o_x_o_____x_o_x____ _______|1.41%|0.75%
6.4050|~1OOO|__________o___o___o_x_o_____x_o______ _______|1.49%|0.67%
6.4000|~1O5O|__________________o_x_o_____x________ _____+_|1.57%|0.59%
6.3950|~11OO|__________________o___o_____x________ ___+___|1.64%|0.51%
6.3900|~115O|______________________o_x___x________ _+_____|1.72%|0.43%
6.3850|~12OO|______________________o_x_o_x_______+ _______|1.8%|0.35%
6.3800|~125O|______________________o_x_o_x_____+__ _______|1.87%|0.28%
6.3750|~13OO|______________________o___o_x___+____ _______|1.95%|0.2%
6.3700|~135O|__________________________o_x_+______ _______|2.03%|0.12%
6.3650|~14OO|__________________________o_+________ _______|2.1%|0.04%
6.3600|~145O|__________________________+__________ _______|2.18%|-0.04%
Column|~15OO|5_3_4_3_4_1_4_4_3_5_4_8_3_5_1_3_1_1_8 _4_9_1_|
Count|~155O||__________3_________________1___7_1__ _____O_|


BJF Trading Group. Excel Chart. Full size attached.

http://iticsoftware.com/postimages2//201009/BJF-Trading-Group-AUDSEK_2011-01-29.zip

[MDunleavy]

Using P&F (Point and Figure) Charts in Forex Trading.
Review of online published on P & F charts.

Click on any link below...

https://docs.google.com/View?id=dg3m7zmf_31dhpw7shp
http://iticsoftware.com/postimages2//XO11Feb06.htm
http://img145.imageshack.us/img145/6153/11feb061247.pdf

[MDunleavy]

2011-Feb-12 09-24 (GMT+01:00) Paris
I remain bearish on EUR/USD too.
EUR/USD's break of 1.3510 support last week indicates that whole decline from 1.3860 has resumed. Initial bias remains on the downside towards 100% projection at 1.3393 and possibly below. However, we'd remain cautiously bullish in EUR/USD as long as 1.3253 cluster support (61.8% retracement of 1.2873 to 1.3860 at 1.3250) [ by ActionForex]
Trade Idea: EUR/USD - Sell ⬇ (Stop Limit) at 1.3500; Target: 1.3250 ; Stop: 1.3600.

"P&F EURUSD10080 Box Size 260X3 or(6.43%) HI/LO
Data 1.6038 - 0.8225 ~ 242.4 Month ~ 7378 Day
Database 1055 records 1.35513 (Last Close)
1990-11-25 00~00 ~ 20.2 Years
2011-02-06 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"


BJF Trading Group. Excel Chart. Full size attached.

http://docs.google.com/View?id=dg3m7zmf_33gg7453gk
>>>OR<<<
http://iticsoftware.com/postimages2//EURUSD11Feb13.htm

[MDunleavy]

After an upbeat week, the pound faces new information about the upcoming rate hike and also a worrying GDP among other events. Here’s an outlook for the British events and an updated technical analysis for GBP/USD.
I am neutral on GBP/USD.
The rate policy is still unclear, although it will come earlier than expected. On the other hand, we’ll get a reminder of the horrible fourth quarter. Another interesting week is ahead of us, but a major breakthrough isn’t likely. [by forexcrunch].

"P&F GBPUSD10080 Box Size 270X4 or(6.23%) HI/LO
Data 2.1161 - 1.3503 ~ 241.71 Month ~ 7357 Day
Database 1052 records 1.62521 (Last Close)
1990-12-23 00~00 ~ 20.14 Years
2011-02-13 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

2.1330|~27O||_____________________________________ _____________+_________________________|-0.8%|57.96%
2.1060|~54O||_____________________________________ _____________x_+_______________________|0.48%|55.9 7%
2.0790|~81O||_____________________________________ _____________x_o_+_____________________|1.75%|53.9 7%
2.0520|~1O8O|_____________________________________ _____________x_o___+___________________|3.03%|51.9 7%
2.0250|~135O|__+_______+__________________________ _____________x_o_____+_________________|4.31%|49.9 7%
1.9980|~162O|__x_+_____x_+________________________ _____________x_o_______+_______________|5.58%|47.9 7%
1.9710|~189O|__x_o_+___x_o_+______________________ _____+_______x_o_________+_____________|6.86%|45.9 7%
1.9440|~216O|__x_o___+_x_o___+____________________ _____x_+_____x_o___________+___________|8.13%|43.9 7%
1.9170|~243O|__x_o_____x_o_____+__________________ _____x_o_+___x_o_____________+_________|9.41%|41.9 7%
1.8900|~27OO|o___o_____x_o_______+________________ _x___x_o___+_x_o_______________+_______|10.68%|39. 97%
1.8630|~297O|____o_x___x_o_________+______________ _x_o_x_o_____x_o_x_______________+_____|11.96%|37. 97%
1.8360|~324O|____o_x_o_x_o___________+____________ _x_o_x_o_x___x_o_x_o_______________+___|13.24%|35. 97%
1.8090|~351O|____o_x_o_x_o_____________+__________ _x_o_x_o_x_o_x_o_x_o_________________+_|14.51%|33. 97%
1.7820|~378O|____o_x_o_x_o_______________+________ _x_o_x_o_x_o_x_o_x_o___________________|15.79%|31. 97%
1.7550|~4O5O|____o_x_o_x_o_________________+______ _x_o___o_x_o_x_o___o___________________|17.06%|29. 97%
1.7280|~432O|____o_x_o_x_o_____________x_____+____ _x_____o___o_______o___________________|18.34%|27. 97%
1.7010|~459O|____o_x_o___o_________x___x_o_____+__ _x_________________o_____________x_____|19.62%|25. 97%
1.6740|~486O|____o_x___+_o_________x_o_x_o_x___x_+ _x_________________o_____________x_o___|20.89%|23. 97%
1.6470|~513O|____o_x_+___o_____x___x_o_x_o_x_o_x_o _x_______________+_o_x___________x_o___|22.17%|21. 97%
1.6200|~54OO|====o=+=====o=====x=o=x=o=x=o=x=o=x=o =x=============+===o=x=o=========x=o=x=|23.44%|19. 97%
1.5930|~567O|____+_______o_x___x_o_x_o_+_o_x_o_x_o _x___________+_____o_x_o_________x_o_x_|24.72%|17. 97%
1.5660|~594O|____________o_x_o_x_o_x_+___o___o_x_o ___________+_______o_x_o_x_______x_o_x_|26%|15.97%
1.5390|~621O|____________o_x_o_x_o_x_________o_x__ _________+_________o___o_x_o_____x_o_x_|27.27%|13. 97%
1.5120|~648O|____________o_x_o_x_o___________o_x__ _______+_______________o_x_o_____x_o_x_|28.55%|11. 98%
1.4850|~675O|____________o_x_o_x_____________o_x__ _____+_________________o_x_o_x___x_o_x_|29.82%|9.9 8%
1.4580|~7O2O|____________o_x_o_______________o_x__ ___+___________________o___o_x_o_x_o_x_|31.1%|7.98 %
1.4310|~729O|____________o_+_________________o_x__ _+_________________________o_x_o_x_o_+_|32.38%|5.9 8%
1.4040|~756O|____________+___________________o_x_+ ___________________________o_x_o_x_+___|33.65%|3.9 8%
1.3770|~783O|________________________________o_+__ ___________________________o___o_+_____|34.93%|1.9 8%
1.3500|~81OO|________________________________+____ _______________________________+_______|36.2%|-0.02%
Column|~|||||1_4_1_9_6_1_2_6_5_7_5_7_4_5_6_4_1_1_4 _1_5_7_8_4_4_1_1_4_1_4_7_4_7_4_4_1_1_7_|
Count|~||||||____4_____1_1___________________1_1__ _2___________4_3___2_____________2_O___|


BJF Trading Group. Excel Chart. Full size.

http://iticsoftware.com/postimages2//GBPUSD11Feb20.html
     ^^^ OR vvv
http://img141.imageshack.us/img141/8787/11feb211149.pdf

[MDunleavy]

This has been a turbulent week on the geopolitical front, triggering waves in the stock market and sending the price of crude oil through the roof. While the stock market corrects itself (as we anticipated), the price of crude oil seems to be creeping ever higher, putting upward pressure on the price of fuel and energy. Worse still is the serious effect this could have on the economic recovery that everyone has been banking on.[marketoracle]There's no way of knowing how events will unfold. Since the current oil price is always the best predictor of the future oil price in the very short-term, I predict that Nymex WTI will be priced in the $93-$104 range on March 12th.
------------------
"P&F QM_CONT1440 Box Size $4X3 or(13.94%) HI/LO
Data 147.3 - 24.825 ~ 99.68 Month ~ 3034 Day
Database 2000 records 98.225 (Last Close)
2002-11-05 00~00 ~ 8.31 Years
2011-02-25 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"
------------------


BJF Trading Group. Excel Chart. Full size attached.

http://iticsoftware.com/postimages2//Oil11Feb28.html
     ^^^ OR vvv
http://img96.imageshack.us/img96/4624/11feb281149.pdf

[MDunleavy]

I am neutral on USD/JPY.
The magnitude of Middle -Eastern events has been extraordinary. This sent oil up and the dollar down, with the yen being one of the big winners. When the Libyan crisis ends, dollar/yen will rise back up, but the level of uncertainty is very high.
I am neutral on EUR/USD too.
The clear statement about rate hikes will continue to boost the Euro, as well as the strength in Germany. On the other hand, the US economy is moving forwards, as seen in the improving job market, and another round of the debt crisis is around the corner. Choppy trading is likely, until a new direction is seen – probably down.
[forexcrunch]
EUR\JPY = EUR\USD X USD\JPY
Movement will be neutral as well. Or may turn bearish.... See chart....
Trade Idea: EUR/JPY- Sell (Stop Limit) at 115.50; Target: 112.00 ; Stop: 116.50.

"P&F EURJPY10080 Box Size300X4 or(8.99%) HI/LO
Data 177.98 - 88.87 ~ 241.94 Month ~ 7364 Day
Database 1053 records 115.117 (Last Close)
1990-12-30 00~00 ~ 20.16 Years
2011-02-27 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

177.0|~3OO||______________________________________ __________________|00.55%|99.17%
174.0|~6OO||x___x_________________________________ __________________|02.24%|95.79%
171.0|~9OO||x_o_x_o_______________________________ __________________|03.92%|92.42%
168.0|~12OO|__o_x_o_________________________x_____ __x_______________|05.61%|89.04%
165.0|~15OO|__o_x_o_________________________x_o_x_ __x_o_____________|07.29%|85.66%
162.0|~18OO|__o_x_o_____________x___________x_o_x_ o_x_o_____________|08.98%|82.29%
159.0|~21OO|__o_x_o_____________x_o_________x_o_x_ o_x_o_____________|10.66%|78.91%
156.0|~24OO|__o_x_o_____________x_o_________x_o_x_ o_x_o_____________|12.35%|75.54%
153.0|~27OO|__o_x_o_____________x_o_________x_o_x_ o___o_____________|14.04%|72.16%
150.0|~3OOO|__o___o_____________x_o_________x_o___ ____o_____________|15.72%|68.79%
147.0|~33OO|______o_________x___x_o_________x_____ ____o_____________|17.41%|65.41%
144.0|~36OO|______o_________x_o_x_o_________x_____ ____o_____________|19.09%|62.03%
141.0|~39OO|______o_________x_o_x_o_________x_____ ____o_____________|20.78%|58.66%
138.0|~42OO|______o_________x_o_x_o_x___x___x_____ ____o_________x___|22.46%|55.28%
135.0|~45OO|______o_________x_o_x_o_x_o_x_o_x_____ ____o_________x_o_|24.15%|51.91%
132.0|~48OO|______o_________x_o_x_o_x_o_x_o_x_____ ____o_________x_o_|25.83%|48.53%
129.0|~51OO|______o_x___x___x_o_x_o_x_o_x_o_x_____ ____o_x___x___x_o_|27.52%|45.16%
126.0|~54OO|______o_x_o_x_o_x_o_x_o_x_o___o_______ ____o_x_o_x_o_x_o_|29.21%|41.78%
123.0|~57OO|______o_x_o_x_o_x_o___o_x_____________ ____o_x_o_x_o_x_o_|30.89%|38.4%
120.0|~6OOO|______o_x_o_x_o_x_____o_x_____________ ____o_x_o_x_o_x_o_|32.58%|35.03%
117.0|~63OO|______o___o___o_x_____o_x_____________ ____o_x_o___o_x_o_|34.26%|31.65%
114.0|~66OO|==============o=======o=x============= ====o=======o===o=^35.95%|28.28%
111.0|~69OO|______________________o_x_____________ ________________o_^37.63%|24.9%
108.0|~72OO|______________________o_x_____________ ________________o_^39.32%|21.53%
105.0|~75OO|______________________o_x_____________ __________________|41.00%|18.15%
102.0|~78OO|______________________o_x_____________ __________________|42.69%|14.77%
99.00|~81OO|______________________o_x_____________ __________________|44.38%|11.4%
96.00|~84OO|______________________o_x_____________ __________________|46.06%|8.02%
93.00|~87OO|______________________o_x_____________ __________________|47.75%|4.65%
90.00|~9OOO|______________________o_______________ __________________|49.43%|1.27%
87.00|~93OO|______________________________________ __________________|51.12%|-2.1%
Column||||||2_8_8_1_4_4_4_5_1_8_1_2_1_4_4_4_1_6_5_ 4_5_1_5_4_4_5_8_1_|
Count|~|||||______9_________1___3_4_6_______4_____ ____8___________O_|



BJF Trading Group. Excel Chart. Full size.

http://iticsoftware.com/postimages2//EURJPY11M06.html
    ^^^ORvvv
http://img824.imageshack.us/img824/5402/11m06.pdf

[MDunleavy]

I am neutral on USD/JPY.
The magnitude of Middle -Eastern events has been extraordinary. This sent oil up and the dollar down, with the yen being one of the big winners. When the Libyan crisis ends, dollar/yen will rise back up, but the level of uncertainty is very high.
I am neutral on EUR/USD too.
The clear statement about rate hikes will continue to boost the Euro, as well as the strength in Germany. On the other hand, the US economy is moving forwards, as seen in the improving job market, and another round of the debt crisis is around the corner. Choppy trading is likely, until a new direction is seen – probably down.
[forexcrunch]
EUR\JPY = EUR\USD X USD\JPY
Movement will be neutral as well. Or may turn bearish.... See chart....
Trade Idea: EUR/JPY- Sell (Stop Limit) at 115.50; Target: 112.00 ; Stop: 116.50.

"P&F EURJPY10080 Box Size300X4 or(8.99%) HI/LO
Data 177.98 - 88.87 ~ 241.94 Month ~ 7364 Day
Database 1053 records 115.117 (Last Close)
1990-12-30 00~00 ~ 20.16 Years
2011-02-27 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

177.0|~3OO||______________________________________ __________________|00.55%|99.17%
174.0|~6OO||x___x_________________________________ __________________|02.24%|95.79%
171.0|~9OO||x_o_x_o_______________________________ __________________|03.92%|92.42%
168.0|~12OO|__o_x_o_________________________x_____ __x_______________|05.61%|89.04%
165.0|~15OO|__o_x_o_________________________x_o_x_ __x_o_____________|07.29%|85.66%
162.0|~18OO|__o_x_o_____________x___________x_o_x_ o_x_o_____________|08.98%|82.29%
159.0|~21OO|__o_x_o_____________x_o_________x_o_x_ o_x_o_____________|10.66%|78.91%
156.0|~24OO|__o_x_o_____________x_o_________x_o_x_ o_x_o_____________|12.35%|75.54%
153.0|~27OO|__o_x_o_____________x_o_________x_o_x_ o___o_____________|14.04%|72.16%
150.0|~3OOO|__o___o_____________x_o_________x_o___ ____o_____________|15.72%|68.79%
147.0|~33OO|______o_________x___x_o_________x_____ ____o_____________|17.41%|65.41%
144.0|~36OO|______o_________x_o_x_o_________x_____ ____o_____________|19.09%|62.03%
141.0|~39OO|______o_________x_o_x_o_________x_____ ____o_____________|20.78%|58.66%
138.0|~42OO|______o_________x_o_x_o_x___x___x_____ ____o_________x___|22.46%|55.28%
135.0|~45OO|______o_________x_o_x_o_x_o_x_o_x_____ ____o_________x_o_|24.15%|51.91%
132.0|~48OO|______o_________x_o_x_o_x_o_x_o_x_____ ____o_________x_o_|25.83%|48.53%
129.0|~51OO|______o_x___x___x_o_x_o_x_o_x_o_x_____ ____o_x___x___x_o_|27.52%|45.16%
126.0|~54OO|______o_x_o_x_o_x_o_x_o_x_o___o_______ ____o_x_o_x_o_x_o_|29.21%|41.78%
123.0|~57OO|______o_x_o_x_o_x_o___o_x_____________ ____o_x_o_x_o_x_o_|30.89%|38.4%
120.0|~6OOO|______o_x_o_x_o_x_____o_x_____________ ____o_x_o_x_o_x_o_|32.58%|35.03%
117.0|~63OO|______o___o___o_x_____o_x_____________ ____o_x_o___o_x_o_|34.26%|31.65%
114.0|~66OO|==============o=======o=x============= ====o=======o===o=^35.95%|28.28%
111.0|~69OO|______________________o_x_____________ ________________o_^37.63%|24.9%
108.0|~72OO|______________________o_x_____________ ________________o_^39.32%|21.53%
105.0|~75OO|______________________o_x_____________ __________________|41.00%|18.15%
102.0|~78OO|______________________o_x_____________ __________________|42.69%|14.77%
99.00|~81OO|______________________o_x_____________ __________________|44.38%|11.4%
96.00|~84OO|______________________o_x_____________ __________________|46.06%|8.02%
93.00|~87OO|______________________o_x_____________ __________________|47.75%|4.65%
90.00|~9OOO|______________________o_______________ __________________|49.43%|1.27%
87.00|~93OO|______________________________________ __________________|51.12%|-2.1%
Column||||||2_8_8_1_4_4_4_5_1_8_1_2_1_4_4_4_1_6_5_ 4_5_1_5_4_4_5_8_1_|
Count|~|||||______9_________1___3_4_6_______4_____ ____8___________O_|



BJF Trading Group. Excel Chart. Full size.

http://iticsoftware.com/postimages2//EURJPY11M06.html
    ^^^ORvvv
http://img824.imageshack.us/img824/5402/11m06.pdf

[MDunleavy]

*Trade Idea: NZD/USD- Sell (Stop Limit) at 1.7410\40; Target: 1.7100\30; Stop: 1.7480\1.7520.
*I remain bearish on NZD/USD.
*The consequences of the devastating earthquake are still felt in New Zealand. A rate cut to accommodate to the economic weakness will likely drive prices even lower.
=======================
*The NZD/USD has formed a hammer at the 0.7350 level, a key support level for the last several months. Because of this, it looks decidedly bullish for the short-term. It appears that support will end up holding, and as such – we could see more consolidation between this level and 0.7800.
Any break above Thursday’s high. 0.7377 is a buy signal towards as highs at 0.78, and any break below its low at 0.7320 is a sell signal that could lead up down to 0.70 or lower. This pair is at one of those places you like to take longer-term trades since it is such an important area.[dailymarkets]

"P&F NZDUSD10080 Box Size 150X3 or(7.43%) HI/LO
Data 0.8214 - 0.39 ~ 243.32 Month ~ 7406 Day
Database 1059 records 0.74246 (Last Close)
1990-11-25 00~00
2011-03-06 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

0.8250|~15O||______________________________+______ _________________________|-0.44%|111.54%
0.8100|~3OO||__________________________x___x_+____ _________________+_______|1.39%|107.69%
0.7950|~45O||__________________________x_o_x_o_+__ _________________x_+_____|3.21%|103.85%
0.7800|~6OO||__________________________x_o_x_o___+ _________________x_o_x___|5.04%|100%
0.7650|~75O||__________________________x_o_x_o____ _+_______________x_o_x_o_|6.87%|96.15%
0.7500|~9OO||__________________________x_o_x_o____ ___+_________x___x_o_x_o_|8.69%|92.31%
0.7350|~1O5O|======================x===x=o=x=o==== =====+=======x=o=x=o===o=|10.52%|88.46%
0.7200|~12OO|__+___________________x_o_x_o_x_o____ _______+_____x_o_x_______|12.34%|84.62%
0.7050|~135O|__x_+_____________x___x_o_x_o_x_o____ _________+___x_o_x_______|14.17%|80.77%
0.6900|~15OO|__x_o_+___________x_o_x_o_x_o_x_o_x__ ___________+_x_o_x_______|16%|76.92%
0.6750|~165O|__x_o___+_________x_o_x_o_x_o___o_x_o _____________x_o_x_______|17.82%|73.08%
0.6600|~18OO|__x_o_____+_______x_o_x_o_x_____o_x_o _____________x_o_________|19.65%|69.23%
0.6450|~195O|__x_o_______+_____x_o_x_o_x_____o___o _____________x___________|21.48%|65.38%
0.6300|~21OO|__x_o_________+___x_o_x_o_x_________o _x___________x___________|23.3%|61.54%
0.6150|~225O|__x_o___________+_x_o_x_o_x_________o _x_o_________x___________|25.13%|57.69%
0.6000|~24OO|o_x_o_____________x_o___o___________o _x_o_x___x___x___________|26.95%|53.85%
0.5850|~255O|o_x_o_____________x_________________o _+_o_x_o_x_o_x___________|28.78%|50%
0.5700|~27OO|o_x_o_____________x_________________+ ___o_x_o_x_o_x_________+_|30.61%|46.15%
0.5550|~285O|o_x_o_x___________x_______________+__ ___o_x_o_x_o_x_______+___|32.43%|42.31%
0.5400|~3OOO|o_x_o_x_o_________x_____________+____ ___o___o_x_o_x_____+_____|34.26%|38.46%
0.5250|~315O|o_x_o_x_o_________x___________+______ _______o___o_x___+_______|36.08%|34.62%
0.5100|~33OO|o___o_x_o_________x_________+________ ___________o_x_+_________|37.91%|30.77%
0.4950|~345O|____o_x_o_____x___x_______+__________ ___________o_+___________|39.74%|26.92%
0.4800|~36OO|____o___o_____x_o_x_____+____________ ___________+_____________|41.56%|23.08%
0.4650|~375O|________o_____x_o_x___+______________ _________________________|43.39%|19.23%
0.4500|~39OO|________o_x___x_o___+________________ _________________________|45.22%|15.38%
0.4350|~4O5O|________o_x_o_x___+__________________ _________________________|47.04%|11.54%
0.4200|~42OO|________o_x_o_x_+____________________ _________________________|48.87%|7.69%
0.4050|~435O|________o___o_+______________________ _________________________|50.69%|3.85%
0.3900|~45OO|____________+________________________ _________________________|52.52%|0%
Column|||||||7_1_1_5_1_3_3_6_3_1_7_9_9_1_9_9_1_3_7 _3_6_4_5_5_7_1_6_9_4_3_3_|
Count|~||||||__3_5___O_________7_______4_____1____ _____________7___________|


BJF Trading Group. Excel Chart. Full size attached.

http://iticsoftware.com/postimages2//11M12.html
     vvv OR ^^^
http://img29.imageshack.us/img29/636/11m13.pdf
     vvv OR ^^^
https://docs.google.com/document/pub?id=1U6uMFZXP5SVZ2Hj7x2wnEWjsB2BCPXfXb7xBml8QCvQ