Elogos

2014/05/12 (Monday) Price Action

FX:EURJPY   Euro / Japanese Yen
0
Unclear information given to us today as an inside bar closed back inside the previous bound area.

If we had a small inside bar with minimal ingress back into the zone then I would be tempted to take it as a continuation of the previous downside movement.
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I am not tempted to risk my money yet because of the long term sideways movement we have seen for a while now.

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