Art-of-FX

EURJPY DECISION SOON

FX:EURJPY   Euro / Japanese Yen
64 1 4
The EURJPY             is coming to a very important spot in price action. Upcoming we have the daily down trend coming into play. The larger pattern on a larger time frame hints that maybe we are going much, much lower, but for the time being we will be paying close attention to this daily descending trend line . If we break above this TL I would assume we can go higher for awhile. Only time will tell and as always anything can happen in FX. So lets just control what we can and be patient for the trend line . Maybe we will get a nice deciding candle to help our decision.
Comment: Look like we may get a move up but too close to the weekend and the new vote to tell, will wait for next week for decision
oh oh, I see penetration :-)
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