EURJPY Monthly Trading Journal
In review of price action since 2003, price hit its chart high in 2008. To which after a 4 year bearish trend it picked back up in July 2012. Price almost corrected the imbalance from 2008 by Dec 2014. Again another 2 year trend of price offering lower prices before beginning a bullish trend. Since April of 2020 this pair has been in a steady bullish climb. To date price has almost reached its high from 2008.
This pair is definitely in a premium market on the monthly. There is a ton of sell stops so it will be interesting to watch and trade this pair as the next couple of months unfold if price will top the 2008 high or come down.
In review of price action since 2003, price hit its chart high in 2008. To which after a 4 year bearish trend it picked back up in July 2012. Price almost corrected the imbalance from 2008 by Dec 2014. Again another 2 year trend of price offering lower prices before beginning a bullish trend. Since April of 2020 this pair has been in a steady bullish climb. To date price has almost reached its high from 2008.
This pair is definitely in a premium market on the monthly. There is a ton of sell stops so it will be interesting to watch and trade this pair as the next couple of months unfold if price will top the 2008 high or come down.