Afternoon traders,
Monday afternoon and we are looking at the 130 pip run up in Euro versus Japanese Yen since early morning Friday taking this pair up to resistance around 122.4 area where the pair are running out of steam and turning over on stochastic indicators.
Our trading view chart highlights the relevant support and resistance levels for this pair which have been on a descending trend since early March which we are looking for it to carry on and believe the current market level is just the latest in the series of lower highs.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Monday afternoon and we are looking at the 130 pip run up in Euro versus Japanese Yen since early morning Friday taking this pair up to resistance around 122.4 area where the pair are running out of steam and turning over on stochastic indicators.
Our trading view chart highlights the relevant support and resistance levels for this pair which have been on a descending trend since early March which we are looking for it to carry on and believe the current market level is just the latest in the series of lower highs.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Comment:
Talk of China US trade deal being 90% complete taking us back to entry level where stop was- reassessing
