Range bound EUR/JPY

14 nov 2016

Double inside days in the upper bound of the range. A break higher will finally get us out of the range, a break lower could see range holding. Swing failure might be a hint of things to come. Ideally a break higher with prices holding above the rectangle and previous highs should set us up for a decent move higher

15 nov 2016

Nota

Inside day broken to the upside as discussed

15 nov 2016

Nota

Needs a bullish close above the red rectangle

16 nov 2016

Nota

Bullish close as discussed. Should see a move higher. Next resistance comes in around 108.30 (previous swing highs)

16 nov 2016

Nota

Retesting upper range boundary. Needs to hold for a move higher

17 nov 2016

Nota

Pulled back and quickly rejected. A break of yesterdays high should see us auctioning higher

18 nov 2016

Nota

Still holding above previous resistance and building volume. Good risk/reward for longs

21 nov 2016

Nota

EURJPY now well on its way upwards. First resistance comes in at previous swing highs at the 118.40 area and then major resistance comes in from 121.40-122.55 area (Red Rectangle)

21 nov 2016

Nota

Careful with the earthquake news. Last time yen strengthened

22 nov 2016

Nota

Previous swing high in sight now. Should trigger stops above if it breaks

23 nov 2016

Nota

Stops triggered as discussed in previous comment. Previous swing high should now become springboard support for a move into major resistance from 121.60-122.60 (Red box above)

27 nov 2016

Nota

Possible resistance at 120.80 area (previous lows and highs)

30 nov 2016

Nota

First resistance coming in just above at 1.2080 (double bottom) as shown above

30 nov 2016

Trade chiuso: obiettivo raggiunto

Coming into resistance at 120.80.

1 dic 2016

Nota

Approaching area of high resistance