EURJPY has been skyrocketed like the rest JPY pairs.
This is either a shift to the recent bearish trend to a bullish one, or a consolidation trap to grab buyers.
Anyhow, I am not fond of many pips these days regarding JPY pairs, so I will not stick to the trend for the moment.
I am interested in bounces. I see resistance levels which have given strong push to the downside (historically data)
and I count on the same scenario again.
Any case - yen liquidity will provide at least 50 pips in profit. We will see price action in the short-term.
Keep things simple!
This is either a shift to the recent bearish trend to a bullish one, or a consolidation trap to grab buyers.
Anyhow, I am not fond of many pips these days regarding JPY pairs, so I will not stick to the trend for the moment.
I am interested in bounces. I see resistance levels which have given strong push to the downside (historically data)
and I count on the same scenario again.
Any case - yen liquidity will provide at least 50 pips in profit. We will see price action in the short-term.
Keep things simple!
Trade active:
+100 pips - secure profits