EURJPY on the way up?!
EURJPY - Daily Time Frame
This could potentially be a nice set up for a long as daily support has been holding, and go back into the weekly market demand zone.
PA and daily candle closure will give a nice idea as to enter any buys.
Fib on the daily indicates a good run to the 61.8+ and to see whether the resistance level holds.
Overall trend is however down.
This could quite easily range within the zone it currently is in, and break support to move into the next area of support [118.366]
Potentially some nice pips to catch either way.
* This profile is for educational purposes ONLY!
* The trade idea given is my own perspective of the Forex market and by no means require action!
* Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
This could potentially be a nice set up for a long as daily support has been holding, and go back into the weekly market demand zone.
PA and daily candle closure will give a nice idea as to enter any buys.
Fib on the daily indicates a good run to the 61.8+ and to see whether the resistance level holds.
Overall trend is however down.
This could quite easily range within the zone it currently is in, and break support to move into the next area of support [118.366]
Potentially some nice pips to catch either way.
* This profile is for educational purposes ONLY!
* The trade idea given is my own perspective of the Forex market and by no means require action!
* Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
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