EURJPY

Good morning,

Sorry for not updating yesterday. I shall put that down to the snow.

I tried uploading a chart today but after five failed attempts I will have to just describe it to you.

A while back I mentioned look at a break above the previous high for a possible long opportunity. We got a break above the high back then but not with enough volatility and subsequently we dropped in price. The price is now reaching the recent highs again and right this very moment the daily is looking like a spinning top (ofcourse the day has not ended yet). Watch to see what happens here as we may be having a pullback and continuation going on here meaning the price could go somewhat higher.

The Euro is still in a trading range and nothing has changed with that analysis.

Hope you all have a good weekend and I will post again Monday morning.

Euro Bounce

Chart courtesy of Dynamic Trader version 5. Data provided by Quote Center.

The Euro bounced to 50% fib yesterday which has a cluster with todays PP so it may act as a resistance. Selling the rallies is still the option to use.

The daily chart is still in a bearish flag continuation and once again apart from selling the rallies, a break below 12900 with heavy volatility should be worth considering.

Please do your own analysis before placing any trades.

Good luck today.

EURUSD

A little reminder to you all to keep a lookout to see if the EURUSD breaches 12900 with volatility. If we deal below 12900 then we could see further downside but it has to be with volatility to ensure it is not a fake breakout.

Good luck today.

Next Update Tomorrow