A rather frustrating swing trade on EURJPY - executed last week, we saw a lovely 200 pip drop following EUR gaining strong bear momentum with the ongoing rising Eurozone Covid cases.
However this week price surprisingly pulled all the way back up to the resistance level!
Halting again at the 125.000 psychological level, I believe we should see another drop to the October low, potentially even further if momentum can sustain.
However this week price surprisingly pulled all the way back up to the resistance level!
Halting again at the 125.000 psychological level, I believe we should see another drop to the October low, potentially even further if momentum can sustain.