Euro / Japanese YenShort
EURJPY Cluster Chart 10-20-16
PA has bounced up, but did not hit the cluster at 113, it hit close, but that cluster is still intact. PA is now in between a range of clusters and if it hits the top buy cluster, we could see a potential break of the upper channel line. I'm still thinking that PA is going to turn around first and use that sell cluster right below it as pressure to target the cluster at 113 before the real move up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.