EUR/JPY Continues Awkward Consolidation

The EUR/JPY is a very interesting currency pair right now…

 

You can see the obvious recent down move, yet it is cluttered by a slightly bullish base and a recent break to the downside that turned out to be a total fake-out.

 

So now that all of these levels are stacking closer and closer together. A break-out on this hourly chart is eminent. Watch for a correction closer to 130.00 and then a break out of the top.

If we get that, I am GOING LONGGGGG 🙂

 

EUR JPY AWKWARD

 

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Latest posts by admin (see all)

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news