Alright guys, the EURO vs the JAPANESE YEN is an interesting Pair to keep your eyes on this week as we can see the Bulls are currently struggling with the Resistance area. We do have a Pin Bar rejecting the last short term Support area, confirming a Lower Low. We then had a Bullish bar, now followed by two Inside ...
Short opportunity coming up on CAD/JPY. This pair is currently in a downtrend on the higher time frames.
Facing two Trend Lines and stalling indicating the Bears may be on the move gain! ;)
Anyone else holding positions on this pair?
CAD/JPY is currently in a downtrend. We can see the rejection of the area around 82.000 and the Bearish Engulfing Bar that followed that wind up, ended up pushing price all the way down to 78.198. Ending the week with a large Bearish EB on the daily Time Frame. If the bears can push and close below this move, we ...
GBP/JPY is currently in a Down trend on the higher time frames.
We can see how the Bears crushed the round number of 160.000
before a retest, back down, and now price is struggling at this
area once again. My bias is Bearish and I hope we'll see some
good price action around this area to go SHORT