Last night's sharp move down accomplished 3 things:
1.) shook off longs late to the party
2.) cleared protective long stops sitting under 5/13/2015 lows
3.) sucked in fresh shorts
We are looking for EUR/JPY to get back up to 136, 137, and eventually 140.70.
We are also expecting some slowing/chop as we get back to the 135 area.
1.) shook off longs late to the party
2.) cleared protective long stops sitting under 5/13/2015 lows
3.) sucked in fresh shorts
We are looking for EUR/JPY to get back up to 136, 137, and eventually 140.70.
We are also expecting some slowing/chop as we get back to the 135 area.
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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.