Good Afternoon All,
We are looking at opening our Short on this pair. Following on from last week Sell rally on the JPYs. Looking at JPY index we can see some sort of support at the 23% FIB level which we expect to drive the bullish run into the end of the year.
We have an a break of the trendline on Eurjpy and price has failed to break above the broken trendline instead closed below the price high. We should now look for a further leg lower with the anticipation of a strong JPY till the end of the year.
Entry and Sl Marked.
As Always like, share and comments are welcome.
Many Thanks
We are looking at opening our Short on this pair. Following on from last week Sell rally on the JPYs. Looking at JPY index we can see some sort of support at the 23% FIB level which we expect to drive the bullish run into the end of the year.
We have an a break of the trendline on Eurjpy and price has failed to break above the broken trendline instead closed below the price high. We should now look for a further leg lower with the anticipation of a strong JPY till the end of the year.
Entry and Sl Marked.
As Always like, share and comments are welcome.
Many Thanks
Trade active
Trade closed: target reached