2015-09-11_00-13-37eurjpy

Well the market is always right and incorporates on the price all available information about the economies.

The euryen currency has been moving higher since the 4th of September 2015.

Price is now at resistance and likely to retrace before moving up.

If you use moving averages the you surely too spotted the cross of the 50 and 200 moving averages.

This golden cross is an important factor and normaly  takes quite some time to happen.

As long as price stays over the 50 and the 200 MAs I would suggest to buy every dip in the same direction as the trend.

Like that you make use of the moving averages and always trade in direction of the trend which makes your trading less risky and more profitable.

Best of PIPS

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