EURJPY range to hold or is a breakout imminent?

Updated

EURJPY has developed a clean 5-week range between 131.60 and and 134.50. I expect range floor to hold if equities continue charging higher but should we see risk aversion in the markets, a drop off the cliff is anticipated.

Note

Range support has been broken. As noted earlier, this coming on the back of risk-off mode in equities markets. Should we see follow through, I expect 128.80s (i.e distance from break point plus depth of range) to be reached in a hurry.

Trade active

Range support has been broken. As noted earlier, this coming on the back of risk-off mode in equities markets. Should we see follow through, I expect 128.80s (i.e distance from break point plus depth of range) to be reached in a hurry.

Note

False break yesterday. Range is holding up.

ttafa

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