EURJPY
Updated
EURJPY and USDJPY can appear to be a really difficult pair for us new traders to day trade.
But backing out just a little we can see a lot of recent consistency.
This Fib study has EURJPY back in the 618-786 zone.
We can also see MACD strengthening while the Williams MA is starting to bottom.
Keep an eye on this one to Bull run again into the multiple verified 1st stop at 122.8628, but it appears the USDJPY pair will need to strengthen while the EURUSD pair needs to weaken. That is what our chart is showing us for a possible Long gamble.
Enjoy
But backing out just a little we can see a lot of recent consistency.
This Fib study has EURJPY back in the 618-786 zone.
We can also see MACD strengthening while the Williams MA is starting to bottom.
Keep an eye on this one to Bull run again into the multiple verified 1st stop at 122.8628, but it appears the USDJPY pair will need to strengthen while the EURUSD pair needs to weaken. That is what our chart is showing us for a possible Long gamble.
Enjoy
Trade active
The recent fib range from Dec 7th-Dec15th really played out nicely. Most of my bids were Bear as the long chart shows this pair is flirting with a final leg of a Bear Elliot Wave (see my other recent ideas). Seeing how the market pulled this one down just under the most recent 1st stop I'm expecting at least a revisit down into the .618-.786 range and possibly much lower.
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