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 🙂
Winner’s Edge Trading, as seen on: