The 1755 support zone seems to have lost its value.
Currently the price is moving at EMA 34 between 1730 - 1740.
We can wait for a trade of 3000 - 3500 pips if this price zone is broken.
As it is on a downtrend, the next support could be at 1680. However, this is an ambiguous price zone and I believe that the pending SELL STOP orders once triggered will break...
It seems that my previous plan with GBPJPY was a bit rushed, although the price still moved as expected after that.
Here is the plan for EURJPY. The price has broken through the 141.4 support area on the daily frame.
However, with the current Japanese economic situation, it will be difficult to get an entry for SELL.
Consider the price reaction at 140,667 to...
An idea for GJ for next 2, 3 days.
Wait for retest 165.393 zone for SELL - target 164.900
At 164.900 zone, look for break out downtrend for long term BUY ( target 166.85 )
