EUR/JPY: More likely to go lower in short-term

  • Fibo resistance at 102.25 now confirmed:
  • BOJ decision out of the way:
  • And the market was short JPY ahead of it:
All of this suggest to me that the path of least resistance in the short-term will be down. 
  1. Drop of volatility prior to impulsive move. Like a person stops before crossing the road. Looks both sides, and then…

Leave a Reply

Your email address will not be published. Required fields are marked *