EUR/JPY - Euro Yen
Short term (Intraday)
158,38. EUR JPY broke 157,00 resistance. EUR JPY broke the downtrend to begin a bullish movement. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should find a resistance below 159,00. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..
159,00 - 159,25
157,80 - 157,00
EUR-JPY153.05. Current fall is near an end of wave around 150.34 - 151.79 zone, a rally should then procede to above 154.30 or 155.12. Fall below 149.75 would cancel this scenario.
well for today i'm going to buy at 152 and sell on 153