FX:EURJPY   Euro / Japanese Yen
124 5 8
Analysis on chart....

141-138 has been a KEY RESISTANCE ZONE to short this pair.

I Will be looking for shorts below big black zone or @ red zone.
Ultimate target is sea blue zone

Regarding the nature of this market, including GBPJPY             , I prefer to play them on daily, with my weekly levels to catch huge pips with a moderately sized risk.
Shorter time frames like 4H and 1H are no go zones for me, as far as these markets are concerned.

And so, whilst waiting patiently for these setups, I'll ignore this for now, and move on to other markets.


Building Stable Wealth With Patience
Comment: Awesome! ;)
IFF 127-124 KEY ZONE taken out, then we see bottom of start of the bull channel =120-116 ZONE.
Rocketman moorekapital
moorekapital moorekapital
Price moving away from fair value...??? ;)
moorekapital moorekapital

Looks disconnecting from fair value here, on this leg,YES! But, price a bit away from MEAN = a trade I'd avoid. Plus, I'd prefer it breaks April 2015 low, and come back for retest . By which time, price could be on MEAN= my idea zones to take shorts. UNTIL THEN......:P
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