TRADING EURJPY: LIVE ANALYSISFor More Daily Detailed Analysis, Go ahead and Click on the Follow Button. If you have any questions about the analysis, please do ask them in the comments section below.
Our EURJPY charts have shown a clear fall in recent days away from key moving averages as Traders Flock to safe haven assets like the Japanese Yen. The fall in the value of the Euro in this particular chart has showed fast momentum as market sentiment grows ever riskier. The current fall has taken us to an area of key price action and Market Memory, giving us a clear bias to the longside.
We can look for Long entries as we delve into this particular zone, awaiting entry confirmation. This is going to come as market sentiment changes AND buyers move into the market exposing the value of price at that particular point far away from our key moving averages as seen. We can Trade wisely inline with our risk amongst current market sentiment.
