Euro Yen

Chart courtesy of Advanced Get. Data provided by eSignal.

The EurJpy daily chart above may show an incorrect count but they should not be completely ingnored. The MOB is still showing an area of profit taking so if we break the current resistance then from a day trading view that might be worth taking (as long as you have a well placed stop). Watch for a divergence if and when we break the recent high to indicate a possible future reversal.

All the best.

FXCPS Team