EUR/JPY 4 Hour-- Has Some Bullish Room To Go !!

FX:EURJPY   Euro / Japanese Yen
46 0 4
PA is above Ichimoku cloud indicator & above EMA 200 at this time. RSI is still going up at this time . The Ichimoku conversion line (light blue/ema 9) crossed over the base line (purple line/ema 26), noted on chart by an green X.

Remember: This pair almost acts like a MAJOR pair, with both explosive volatility of the JPY with predictability of the EUR. This is a very powerful combination. Has low spreads, high volatility and a directional predictability that makes profitable trading relatively easy. This pair is an leading indicator for stocks too.

Will continue to look for buying opportunities for this pair until bear has an obvious change of PA direction. Good luck in trading- always trade with a PLAN and understand when you make all trades-- why you made the trade.
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