Charles Clifton
Junior member
- Messages
- 14
- Likes
- 0
Today we’re looking at Trading Setups in:
EURJPY (Primary Focus Pair)
CADJPY (Covered In Video)
EURUSD (Covered In Video)
EURJPY has appeared at the top of our live forex strength vs weakness tables today showing us that the risk on environment has returned.
This could see opportunities appear again on the JPY which has been our focus for the past 2 weeks at least.
EURJPY has recently made new highs after trading above 150.00.
This could see buyers targeting the next level of resistance, which we have to look back all the way to 2007-2008 to find.
Between the period of April 2007 and September 2008 EURJPY ranged between 150.00 lows and 169.00 highs.
Price looked to form a level within this range at 159.00 which could become a near term target for buyers.
But ultimately, if JPY sentiment remains as is, price could reach the 169.00 highs once again offering us many opportunities.
The H4 chart shows price forming highs at 155.25. These highs could be used as support again for buyers looking to jump onto this trend.
EURJPY (Primary Focus Pair)
CADJPY (Covered In Video)
EURUSD (Covered In Video)
EURJPY has appeared at the top of our live forex strength vs weakness tables today showing us that the risk on environment has returned.
This could see opportunities appear again on the JPY which has been our focus for the past 2 weeks at least.
EURJPY has recently made new highs after trading above 150.00.
This could see buyers targeting the next level of resistance, which we have to look back all the way to 2007-2008 to find.
Between the period of April 2007 and September 2008 EURJPY ranged between 150.00 lows and 169.00 highs.
Price looked to form a level within this range at 159.00 which could become a near term target for buyers.
But ultimately, if JPY sentiment remains as is, price could reach the 169.00 highs once again offering us many opportunities.
The H4 chart shows price forming highs at 155.25. These highs could be used as support again for buyers looking to jump onto this trend.
