Euro / Japanese YenUpdated EJ eur/jpy looking good for short.
Ive been watching EUR/JPY for a couple of days now and have on the ichimoku system on with 20 period MA. Cuurent short price is at 120.947 and it dropped significantly. might start collecting profits and see how far it will go. it dropped under the 120.300 mark and had a small pull back temporarily but couldn't last. then continued dropping more after that. stay tuned to hear more.
Note
TRade closed out 119.941 because on the 1 week chart you can see price was just tracing back and about to make a move to the upside. Good short term short, might long it depending on what it does these next few days.
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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.