EUR/JPY

I took some patient with me and going to hold my boys till 127 dont expect any value falls since this one

S38 breached...

This paid off nicely

Every day the same thing happens.

ej went all the way to last friday low, near S61. there is no more news left for this week...

JPY/eur,gbp , promising conditions ?

ej crossed S38 up briefly, possible turning point, potentially to reach 125, hopefully...

this time could be really going up, to S38 at least. 124.61

SHORT BIAS with tide stop loss.

finally ej back to above pivot and bellow R38, closed plenty of buys, and to continue buying again.

The 125.39 is a crucial price level for my short trade to keep going. This level is critical because it’s the weekly bearish trend defense level (WBTDL) where in case price breakthrough and close above the weekly bearish main trend will alter to an uptrend. Last week, sellers left their footprint on the chart, the weekly BEEOC, which according to SPA criteria was a valid setup to join. However, The WBTDL was promptly identified in the pre-trade analysis as the upper boundary of the weekly negative free zone (-WFZ). Therefore, under the protective shield of the weekly bearish controlling candle (valid from SPA), I took a quite large risk on predefined price levels to initiate short positions. Concluding, the current trading day is crucial for the outcome of my risk taking as more data needed on the chart to be able to estimate future price action.

price still between pivot n R38, still buying, lets see if 125.45 could be broken today.

The EURJPY keeps oscillating around the 125,00 level with a good resistance at the 55 day EMA and a support at the 124,00 level. The consolidation started in January and it may continue longer.

nicely going up, plenty of buys ready for picking hopefully later...good luck buyers

as ej keep on going up, more buys build up

The viability of the short trade looks good with current data on the chart but long way until the closing of the daily candle.