Mihai_Iacob

EurJpy- Short term and medium term trading opportunities

FX:EURJPY   Euro / Japanese Yen
A few days ago I've written that EurJpy could resume its up move.
Indeed, after the confirmation of 146.50 as strong support, the pair started to rise and reached 149.50.
At this moment bulls look tired and in need of a correction, and this could provide short-term traders the opportunity to trade on the sell side.
As long as 149.50 is intact there are high chances of a drop and the pair could dive 100+ pips.
On the other hand, for swing traders, this correction could be an opportunity to join the long term trend at a better price and target, as explained in my previous analysis, 151 recent high.



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