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PipPhenes
20 janv. 2020 16:13

EURJPY Underway  Short

Euro Fx/Japanese YenFXCM

Description

Simple resistance based setup including an ascending channel with resistance trend/zone

Add in JXY (JPY*YEN) TA:
JXY -> Strength

+COT DATA -> JPY = Strength*

EUR -> EXY -> Has been weak and it's unclear where it's headed next
COT Data suggests that EUR will be losing strength and getting weaker supporting our EURJPY short trade.
Plus