EUR/JPY
Updated
Japan will keep printing.
So it will lose to the stronger EURO.
A Higher Low is achieved and the trend is UP.
So it will lose to the stronger EURO.
A Higher Low is achieved and the trend is UP.
Comment
Up 2.5%. That's good.Long term trend is UP but I see the potential of an ABC correction taking us to 0.618.
The 55- crossing the 200 EMA to the upside is encouraging - but as I point out it can re-cross to the downside.
Taking profits at this point can be smart.
A re-entry if price pushes past the local high can be a considered low-risk strategy.
Comment
First target hit.Comment
Boom - perfect
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