Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
EURJPY – Uptrend Likely To Continue
Getting back from some international travel, the JPY pairs look set to continue their uptrends, with every one last week breaking through the yearly highs, and now holding well above them. Amongst them, the EURJPY has shown strength in maintaining the air above the former resistance level, most consolidating, suggesting no real sellers have stepped in. I do not expect any serious selling to emerge now that the stops have been tripped on the clearing of the former resistance level.
So I will look for a pullback setup towards this role reversal level at 131.12 to get long and rejoin the uptrend. The line of least resistance is up, and there are many layers …... Keep reading