Since breaking 126.85 downside support, low made has been 124.36.- Now pulled back to 126.55.
- Monthly : Headed lower. Overhead resistance nearby at 126.93.
- Weekly : Difficult to see this rallying too much from here.
- Trade : Sold here (126.55) with stop weekly close above 127.00. Only in token size as I am already heavily short EUR vs CAD and USD. Highly correlated to short Copper and S&P positions too.
02 February 2010
EUR/JPY : Perfect Short Trade Location
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1 comment:
I believe this to be a good trade. I break below the rounding top at 127 recently. Now it had went back to 126 plus with 127 forming strong resistance. All the best for your trade.
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