Dana16

Choose Your Scenario - EURO/Japanese Yen

OANDA:EURJPY   Euro / Japanese Yen
On my previous analyse (Jan 10th) I prepared myself for 2 scenarios: at that time the price was testing the resistance zone but without success and the market went down as anticipated.

Now, the price is testing the support zone formed since the beginning of December: a breakout under 125.8, next target will be 125.0.

If you have a different view, please share, I would love to hear your analysis.

Comments

I'm holding a sell right now...I don't know if we'll break support and continue downwards.
+1 Reply
Dana16 TshiamoMon
@TshiamoMon, at this point, the most important is to define the stop loss whatever direction you take. I'm waiting a bit more but expecting a bearish move as well.

Thank you for your comment and have a great weekend.
Reply
Premium Info! Great Job!
Reply
Dana16 Profitlio_Trading
@Profitlio_Trading, thank you for your kind words!
Reply
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