A trading range has evolved at the EURJPY pair. Price is strongly bound by two horizontal support and resistance levels: 131.8 and 130.6. These levels have been tested for 3-4 times and are considered highly reliable.
Trading:
The main direction is upwards. I expect price to break Resistance - and I would join the trend at the pullback to the broken Resistance level.
More Analysis and Trading Articles
http://www.chartsecret.com/content/eurjpy-trading-range
Trading:
The main direction is upwards. I expect price to break Resistance - and I would join the trend at the pullback to the broken Resistance level.
More Analysis and Trading Articles
http://www.chartsecret.com/content/eurjpy-trading-range
