Euro lwn Yen Jepun D1 Live Forex Chart
EURJPY,D1 Carta oleh chest2tank
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USD, Yen, and Oil are driving the market right now, and with the ECB decision coming up, I'm out of a directional trade with this pair right now.
There is a short shaping up, but I remain bullish. If momentum carries through this breakout over the weekend (I expect a gap up), then I'm looking towards the 148 level. However, if this breakout comes with lower momentum, then it will fail and the pair may fall back to high 130's to consolodate further. The latter would be better for long term bulls - I doubt that buyers at this level are very strong (like me).