EURJPY is currently bullish. price made an explosive move on Friday last week and met resistance at round number 158.00. Price did take out buy side liquidity during that bullish move and is now seeking sell side liquidity below an old low so that SMART MONEY can accumulate buy orders and continue with the bullish momentum.
Currently Monday low has been taken out, as price seeks to make the low of the week, optimum buy zone is around 155.200 to 155.000 levels. I will be monitoring these levels for price reaction.
Currently Monday low has been taken out, as price seeks to make the low of the week, optimum buy zone is around 155.200 to 155.000 levels. I will be monitoring these levels for price reaction.