Inside the Currency Market: EUR/JPY

EUR/JPY. Bottom 137.31. Range break Above 140.88, below 136.43. Overbought Sell point 138.72. Point at 138.72 is the main sell level. If a miss then 138.89, 139.06. I don’t expect a miss as EUR/JPy is well balanced and aligned properly.

Strategy. Long above 138.03, target 138.72, 138.89. Then reverse short to target 138.03. Below 138.00 then target 137.65 and 137.51. Points on the way up, 138.11, 138.39, 138.55, 138.63, 138.72, 138.89.

Brian Twomey, Inside the Currency Market, btwomey.com

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