I posted my plan on this pair on 9 Oct and commented that the pair was on the edge of a key support (131.840). The bulls stepped in as commented in the post and I bought it to 134.40 and then closed the trade as it was obvious the pair was stalling at that resistance and it made the 2nd touch that I want to see when trading a wedge. I then started selling the pair to the 131.840 support which is touched on Friday and now waiting to see what will happen at this level (again!). It’s been great trading this pair and I will keep a close eye on this pair again this coming week. A Daily close below 131.840 should open up to the 128.40 support.

EURJPY - FOLLOW UP - 28 OCT

Source: MARYNA

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