Art-of-FX

EurJpy may be turning around

Long
Art-of-FX Updated   
FX:EURJPY   Euro / Japanese Yen
1
Had a really nice down move in the EJ for awhile now, however we have just bounced off the daily/weekly trendline and the week started with a nice gap up. I imagine after we refill this gap we will see a more significant bullish move.
Comment:
I have taken half profit on the retest of the old low. I will put my stop into profit now and see if we can have a larger break up out of the trend line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.