This pair gives trader the sudden spikes from JPY, but gives you the stability of EUR. I like the EURJPY
pair this reason. This coming week, in my view will be bullish
, with a lot of NEWS which will cause this pair to increase. Bottom on this 1 hour chart is noted at 112.480, with a high resistance from last weeks trading at 114.811. At this time trend is going up or bullish
at PA of 112.834. I see PA at least going up to around 50% from H/L or 113. 800
, per Fib. Ret level.
Trend trading, money management is key & Price Action
is # 1. If everyday you made a profit trading, it was a good day.