EUR/JPY is currently riding down, but the important part is, we are definitely not in bearish trend, so we have to be careful not to go short unless it’s scalping. It’s good opportunity to go for long till 126 levels, if it’s below that then the trend might switch, but till that it’s good to buy till 128 levels.
EUR/JPY is a type of pair which can do wonders if we get it going correctly, but at same end we could suffer seriously if we’re not getting it going right. I always prefer to do trading with proper money management which helps me avoid any major hiccup, it’s helpful with a broker like OctaFX, it’s very special given their low spreads from 0.1 pips, high leverage up to 1.500 while there is also smooth trading platform in cTrader which is especially develop for ECN trading and helps me with working, it really helps me trade nicely without facing any major issue at all while the best part is their 50% bonus on deposit offer which is awesome since it’s also trade able and makes thing so much easier to do which allows me to succeed all the time.
EUR/JPY has been going downhill since last few weeks, we completely believe there is a bullish trend hiding somewhere around, it’s good opportunity to go for long trade with stop loss at 120 since we strongly believe it should take recovery mode soon.
We saw the week been in balance zone, but with major news coming in, it was EUR/JPY time to gain up and reach near 114 levels before the week ended out. Another wave could be waiting and 115 levels might soon be done.
EUR/JPY was dipping heavily this week with coming to 112 levels, but the switch came quickly with major events piling up their weight and it’s likely to continue in with bullish trend, so good chance to have entry here.
EUR/JPY picked in really dramatic fashion with the pair putting up nearly 300-400 pips and settling above 115 level at 115.37 level, it’s likely that we will see the pair climbing up to 116-117 in quick time during next week, but might just pull back a touch.
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