EURJPY

1 feb 2017

The past two weeks this pair has been fairly difficult to predict as on the daily time frame we still appear to be in a range. However what I have notice on he 2hr time frame , price seems to be in a up trend with high highs being created and higher lows. 122.000 seems to be a stalling point currently if we close above 122.000 on a 2hr candle , price may possible move up to the 123.400 area and create a new high , however caution is advised due to the way the markets have been acting the past couple weeks.