shyean replies to: EUR/JPY

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{quote} yes you are right. I am watching the JPY futures, and it looks like it wants to break upwards. last week, the move in EJ was primarily triggered by DXY strength, and i think going forward, it will be a combination of JPY and DXY (tho I dont trust this one too much) looking at it technically, we can see on this weekly chart that long term trend line is pretty far south… and unlike the week of 5/28 when we had a pinbar/bullish rejection close, this last week, it closed pretty close to the low, which implies that theres more juice in this…

I love your analyses,
I am into the longer term trading style as well, but i closed these trades due to the vulnerability over the weekend, especially because of the EURO -crisis-.

My opinion is we could see a significant bounce at the low 125.xx / high 124.xx area and retest the 126.xx area.
But again, all speculative and very much driven by macro economics

I will post my trades here
I love your analyses,

I am into the longer term trading style as well, but i closed these trades due to the vulnerability over the weekend, especially because of the EURO -crisis-.

I think we could see a bounce

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