EURJPY review

Dear Dynamic Traders,

At the time of the last post of the EURJPY price was in a triangle/squeeze formation. It has since broken through and headed upwards some 300 pips. Below are the weekly and daily charts for the EURJPY. The weekly has been posted to show the strength of the S/R line due to the amount of touches it has had.

The daily chart shows a possible double top formation due to the S/R line. As price has been bullish lately, it may very well continue northwards. If you are already in the trade it would be a good idea to manage it and tighten stops. If you are not in the trade, you may have the opportunity to enter very soon with ESLT.



























Good Trading!
Bijal Shah