NOTE: I am back from the weekend traveling and am posting regularly now
EURJPY – Approaching Key Resistance Zone
The EURJPY is approaching a key resistance zone which has rejected price now 3x, with the smallest move being over 100 pips, and the largest being over +260 pips. Although on the daily chart the pair is building a series of HL’s (higher lows), there could be a good low risk – high reward opportunity to sell in this resistance zone.
I’m looking for intra-day sell signals between 132.15 and 132.75 with minimum targets set at 131.15, and larger targets around 129.85. So watch the 4hr or 1hr charts for price action sell signals in this resistance zone. A …... Keep reading