edwardsabi8

POSSIBLE SCENARIO FOR EURJPY FOR THE NEXT WEEK

FX_IDC:EURJPY   Euro / Japanese Yen
Ok if we consider the strong up move in this pair for the past week, it was fuel by the rising oil price. That being said if oil continues to climb this pair will also continue to climb. last week I was expecting price to retrace back to the 130.00 zone and push down to continue the trend on the daily time frame that we are seeing here, however with this new development keep your eyes on the oil price and all related oil news this week before trading this pair. remember the market can do anything so used proper risk management. happy trading in the new week

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