Hi Traders,
There is a decision point here for the market on EURJPY. The blue arrows highlight the structure zone of 113.900 - 114.150. You can see how many times the market has respected this level in the last month. My question is, will the market respect that level again and move up toward 115.200 this week? Or will it break down toward 113.000?
Regardless of what happens, I am long, targeting 115.400.
Wish everyone good trading for the week ahead.
Luke
There is a decision point here for the market on EURJPY. The blue arrows highlight the structure zone of 113.900 - 114.150. You can see how many times the market has respected this level in the last month. My question is, will the market respect that level again and move up toward 115.200 this week? Or will it break down toward 113.000?
Regardless of what happens, I am long, targeting 115.400.
Wish everyone good trading for the week ahead.
Luke