This pair has been in a 300p range since Sept and now at the wedge support. I’m looking to sell the pair on confirmation of a break of wedge support or a Daily close below 131.367 support with targets at 130.50/129.56 and 126.60 should it fall this far. I will only buy the pair on a breakout above 134.50 resistance.

EURJPY - DAILY - 20 NOV

Source: MARYNA

2 thoughts on “EURJPY – AT DAILY WEDGE SUPPORT”

  1. Daniel Chan - Forex.Today says:

    Thanks for the head up . My bias is sell if Yen is strengthened in January , in the mean time I am observing now .:)

  2. Maryna says:

    Hey Dan, I use currency strength/weakness analysis as a day-trader and to trade my trading plans as part of my strategy and if the pair close below 131.80 on the Daily chart, I will look to sell and I will sell again in January if JPY becomes strong as that is 6 weeks away. Thanks your inputs – always appreciated!

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