Eur/jpy

I wonder why everyone is suggesting to go long on this pair when I am seeing a reversal pattern. Any idea? Or perhaps it is just me who is having a dillusion?
I went short on Monday when it was at 149.61:


This is where it is today, as what I predicted 2 days ago, it seems like a reversal is taking place...

EURJPY is stil in the uptrend mode, that's why people recommend you going long for it.

After It touched 150, it is now reversing, and I am quite sure it won't go up any further unless there is a really big news that will change the direction. I don't agree if you're trying to say it will go any further than above though. I might be totally wrong, but as a crazy mind, I have the confidence it will reverse and break the support line...

The price is now at 149.75, moving down to meet the first support line...Will the seller win? we have to wait to get the answer...

wohoo...just broke the first support line into 149.64

I had a sell on 149,82 but I never got it....

I'm with you Sarul bearish on this pair from my T/A point view could still be another 50 pips in it for you Good Luck.


Happy Trading

Hello Guys !

I give you a hint...

Fill up your boots and enjoy the long ride down....

Happy Pippin..

bernhard