Inside the Currency Market: EUR/JPY

EUR/JPY. Bottom. 137.62. Range break above 140.38, Below 136.27. Overbought sell point 138.96. Strategy. Longs above 138.32, Target 138.96 and 138.65. Point 138.65 added as target that falls short of 138.96. A target met at 138.96 reverses short to target 138.64. A target met at 138.65 reverses short to target 138.48. Points on the way up, 138.36, 138.38, 138.51, 138.58, 138.65, 138.81, 138.96.

Shorts below 138.31, Target 137.96. Point 137.96 is possible reversal long point to target 138.31. Points on the way down, 138.29, 138.13, 138.00, 137.97, 137.79, 137.62.

Brian Twomey Inside the Currency Market, btwomey.com

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