This morning has seen buyers pushing EUR/JPY higher having found pivot support at 157.73.
With no news to reverse this move north, EUr/JPY would appear for now to be targetting the next major RESISTANCE level at WR1 (1598.87)
Trading seems slow today in the absence of sheduled news so we may see prices drifting sideways somewhat but the overall direction looks north for this pair.
With no news to reverse this move north, EUr/JPY would appear for now to be targetting the next major RESISTANCE level at WR1 (1598.87)
Trading seems slow today in the absence of sheduled news so we may see prices drifting sideways somewhat but the overall direction looks north for this pair.
Trade active:
STOP moved to 157.55 to just below moving average support (-72 pips)
Trade closed: stop reached:
STOP hit on this trade for -72 pips.
Summary - this pair remains BULLISH but the BEARS remain interested
Summary - this pair remains BULLISH but the BEARS remain interested