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jmuzy
Dec 23, 2017 5:11 AM

EURJPY 2 day Long

Euro Fx/Japanese YenFXCM

Description

Ahoy there ladies and gents,and happy hollidays :) Here displayed looks like a clear ascending trend line. We can anticipate an upwards move here as price rests above upward trend line. If we break and close below, structure may begin to squeeze and could even drop lower to retest bottom of initial impulse. However, this week has closed above trend line and is seen respecting it as support. I would advise facilitating on a lower TF. Trade wisely. Cheers :)
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