EURJPY had a strong slide last week, breaking below the 126.15 hurdle. The pair made its way towards the short-term upside support line, but never touched it. Now EURJPY is showing signs that it is willing to make its way back up again. But unless it gets back above the 126.15 barrier, we will remain neutral.
If the rate suddenly falls below both, the upside line and the 125.65 hurdle, we will then target lower areas.
Please see the chart for details.
Don't forget your stop-loss.
If the rate suddenly falls below both, the upside line and the 125.65 hurdle, we will then target lower areas.
Please see the chart for details.
Don't forget your stop-loss.