TradeHuntFx

EURJPY - Long term view

Short
FX:EURJPY   Euro / Japanese Yen
After having broken out of the trendline, the price proceeded to rise to 123.80 where it has now found its self in a range but a break out is likely to happen sooner rather than later. Price action on the weekly candle is good ( bearish engulfing ) following last weeeks hanging man . Ultimately this pair may want to bounce off the retest of the trendline but for now, I am happy to look for shorts aslong as we are trading below 121.000/50EMA

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great trade
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TradeHuntFx markbarrett281989
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still waiting to break out of structure
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121.000 is proving hard to close below
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Looks promising, institutions have been increasing net shorts on this pair over past few weeks which could help this along;
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@derby, yes definately a strong bearish bias to this pair. Where do you get the institutions info from?
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