It looks like EUR/JPY found support at the 50 sma and 100 sma, and broke previous highs with a strong move during the beginning of the euro session. I’m going to keep an eye on this pair for a move short still. On the daily chart the pair is trading sideways at the top of the channel, so I feel a move down may be coming.
No trade entered.
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.