Welcome back to setups and charts which will help you position for the upcoming week.
ejdaily
EURJPY: 200 DMA and the lower bollinger bands of the 100 DMA stand at 138. But the pair has arrested its lower lows trend started at 140.8 at the beginning of May.
EURUSD daily torpedoes into the 200 DMA and there was no recovery at all into the friday close. It is foolhardy to short EURUSD at 200 DMA but the lack of recovery suggest it could test 1.3521
EURJPY: On the 480min chart which is what we have been trading for some days now, we see the pair comfortably holding the 25 MA at 139.12. But the pair has not proceeded down to the 200 DMA at 137.8 yet. As long as the pair stands below 139.2, there is a chance of a test of 138.
EURJPY: Monthly Netlines are at 137.5 which will provide strong downside protection in case the pair decides to clean out the stops under 138.
ejdaily
EURJPY: 200 DMA and the lower bollinger bands of the 100 DMA stand at 138. But the pair has arrested its lower lows trend started at 140.8 at the beginning of May.
EURUSD daily torpedoes into the 200 DMA and there was no recovery at all into the friday close. It is foolhardy to short EURUSD at 200 DMA but the lack of recovery suggest it could test 1.3521
EURJPY: On the 480min chart which is what we have been trading for some days now, we see the pair comfortably holding the 25 MA at 139.12. But the pair has not proceeded down to the 200 DMA at 137.8 yet. As long as the pair stands below 139.2, there is a chance of a test of 138.
EURJPY: Monthly Netlines are at 137.5 which will provide strong downside protection in case the pair decides to clean out the stops under 138.
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