Looks like a possible double bottom for low risk entry IMO
EUR/JPY daily chart below with 2 Hr detail:
EUR/JPY daily chart below with 2 Hr detail:
long eur/jpy, gbp/jpy, usd/jpy 11 replies
.SI4 for GBP/JPY & EUR/JPY 403 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
Does the gbp/jpy eur/jpy follow the DOW? 8 replies
DislikedAppears EUR/JPY is a strong-buy at this price/time in the aspect of risk management. Into the Yen from the Dollar, then from the Yen to the Euro . As the currency-carousel turns.Ignored
Disliked{quote} For a position that is created to be outstanding for longer than 1 month... EUR/JPY is low risk because the downside is limited. Upside for all major currencies is always limited if they aren't severely undervalued compared to their peers. But I do admit I think there's better pairs to short the JPY for high probability gain, that's AUD/JPY.Ignored