EURJPY

Greetings Dynamic Traders,

Hope you all had a pleasant weekend. The Japanese Yen pairs have been in a consolidation mode and therefore not been the subject of much conversation on the blogs for a while.

Below is the chart for the EURJPY which looks like it may decide to give us some tradable action. Price is close to a previous resistance, along with a trendline resistance, a Fib breather and the old faithful RN. In addition, the last two bars, though bullish in nature appear quite weak in the form of doji. This all indicates that a change may be in order. Please do your own analysis and adopt good risk management to enable the longevity of your trading career.














Good Trading!
Bijal Shah

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