Watching EURJPY very closely as it approaches the Daily Range High (DRH).
You'll notice we've been pretty strong on that latest run up towards the DRH where as in the past we tended to stall out and reject before interacting with the level.
My decision will be based on the intra-day price action to see how bulls and bears are able to move price around the level.
For the bearish case we would need to see strong selling into any bullish pop.
For the bullish case, a strong move through the level, on high volume.
Check out my blog
RuckSack.medium.com
You'll notice we've been pretty strong on that latest run up towards the DRH where as in the past we tended to stall out and reject before interacting with the level.
My decision will be based on the intra-day price action to see how bulls and bears are able to move price around the level.
For the bearish case we would need to see strong selling into any bullish pop.
For the bullish case, a strong move through the level, on high volume.
Check out my blog
RuckSack.medium.com