EURJPY Price Action – Still Holding After Long Tailed Pin Bar | Oct 27
EURJPY – Trying to Base, Holding Above ST Support
After forming a long tailed pin bar on Oct. 16th, the EURJPY has failed to find much upside over the last 7 days, only gaining 70 pips in the last 7 days, so nothing to write home to mama about.
After losing most of that ground last week, the pair eventually found some impulsive price action buying a 2nd time around just above 135 where most of it seems to be concentrated.
For now, the pair is holding above the ST support around 136.48. If this holds, then the pair should test the resistance just under 138. Above here, the next resistance levels come in at 139.25 and 140.50.
In today’s daily trade setups commentary, we also talk about the trade setups on the EURUSD, Dow Jones, USDCHF & USDJPY. Click here to become a member.
Having trouble turning your trading around? Read this article sharing 6 tips to turn your trading around.
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book