tradingformoney
Short

EUR/JPY @near term resis, and dialy 161.8@ weekly kumo bottom

FX:EURJPY   Euro / Japanese Yen
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Please note the chart is a daily

The EUR/JPY gave a weak tk cross ( the tk cross was above the kumo)
The market has been choppy which means the indicator right now is oscillating.
But the markets current condition trend did print a lower low and a lower high.
We are currently at a near term resistance level .

Now, the 161.8 is on the daily chart above is lined up with a weekly charts flat kumo bottom.
The weekly completed a ichimoku e/nt wave combination. ( a mix of a e wave and a nt wave)
Also, price likes to gravitate towards flat kumos. Flat kumos are the equilibrium.


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Your welcome, thanks for commenting!
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Interesting, thanks
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