Yes, that's what I was talking about.
I tried to make my analysis for EURJPY based on how EURUSD and USDJPY will be performing in near term.
I know that EURJPY already has its own personality and analysis, but sometimes I am confused with cross analysis, so I refer to majors. That takes more time in fact.
But I've seen many times EURJPY leading moves in majors, so you are right. but the point, I can't estimate cross pairs that well, so I take majors trends as direction (possible direction for crosses).
Ofcourse, I will put USDJPY in mind as well as EURUSD to estimate EURJPY moves.
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You write, though, as if EUR/JPY is just a mathematical construct based on EUR/USD and USD/JPY and not actual exchange rate with which actual cross-border transactions take place. In fact, sometimes EUR/JPY is the driver of changes in EUR/USD and/or USD/JPY, rather than it being the other way around.
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My point is that EUR/JPY is a rate unto itself and must be treated as such.
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Your points are right, and I totally agree. I already explained why I would use majors analysis to trade cross pairs. Though, that seems wrong, but until I master cross pair own personality/analysis.
Afterall, Crosses are complicated for me.