HELLO TRADERS
Before we take a look at EURJPY lets first take a look at YEN index JXY
JXY has been very bearish and its weakness continues as last week's COT report
was very bearish showing addition of 18200 shorts compared to just 1500 longs added
therefore we expect a very bearish week for the YEN hence bullish for EURJPY
now back to EURJPY
EURJPY managed to break a resistance to the upside and retested it ,we expect a continuation higher from here
BREAK BELOW 143.500 WILL MAKE THIS IDEA INVALID
GOODLUCK
IF YOU FIND THIS IDEA VALUABLE BOOST IT TO REACH MORE TRADERS
Before we take a look at EURJPY lets first take a look at YEN index JXY
JXY has been very bearish and its weakness continues as last week's COT report
was very bearish showing addition of 18200 shorts compared to just 1500 longs added
therefore we expect a very bearish week for the YEN hence bullish for EURJPY
now back to EURJPY
EURJPY managed to break a resistance to the upside and retested it ,we expect a continuation higher from here
BREAK BELOW 143.500 WILL MAKE THIS IDEA INVALID
GOODLUCK
IF YOU FIND THIS IDEA VALUABLE BOOST IT TO REACH MORE TRADERS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.