EURJPY: Neutral but potentially a nice long trade Long

Euro Fx/Japanese YenFXCM

Description

⋅ May 27, 2015 1:40 AM

Similarly to EURNZD and EURAUD, EURJPY exhibits some bullish characteristics.
I won't waste time with a huge writeup, the analysis is on the chart.
Feel free to comment, and if you agree, hit like ;)
Good luck,
Ivan.

Comments

IvanLabrie

⋅ May 29, 2015 1:59 PM

Low volume resistance reached, we might see a pullback soon.

IvanLabrie

⋅ May 28, 2015 11:20 AM

Great run up!
Probably time for a small correction before more upside.

IvanLabrie

⋅ May 27, 2015 5:26 PM

Food for thought for Elliotticians:

Looks like 1-2 and start of 3 to me, after an ending diagonal triangle.

IvanLabrie

⋅ May 27, 2015 5:21 PM

EURJPY looks like an excellent buy. I'll look for an entry today.
Missed the first takeoff.

IvanLabrie

⋅ May 27, 2015 10:18 AM

Not bad, moved above the daily mode.