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capitalpropertiesfx
Aug 8, 2014 7:52 AM

EURJPY - 2014 lows taken. 

Euro Fx/Japanese YenFXCM

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I'd say things just got interesting in this pair. The lows were taken out overnight, which means that most likely a fair amount of longeterm long positons were also stopped. If we should turn around, then it was a classical stop-hunt but if price does not pullback, then this move might be the real deal.

Whatever the case is, I'm watching this one closely to look for more clues.
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