EUR/JPY touching short-term down-trend line

USD/JPY has edged back toward 98.00 and AUD/USD is nearing likely support at .9230 as the USD again takes control during Asian trade.

EUR/JPY is trading towards its short-term bearish trend-line (see chart) and I’m sure the EUR bears out there will be paying attention.

Edit: My mate James Langlands from FX Charts reckons that EUR/JPY is a better risk-reward sell around 129.10.

  1. hy sean,

    i hope that you are again short in usdjpy or in my favourite pair the eurjpy.

    eurjpy develops quite nice from the technical view, im still short, although there is a lot intraday swing, yesterday, there would be 80 pips, but i didnt close. i wait for a big red weekly canlde to develop and like i wrote you on twitter, the eurjpy has a nice technical setup.

    I will watch 127,10/00!, a close under that level will signal real bearish strength.

    overall i think we havent seen the low in eurjpy since 133, 119 would be a nice level, but how has the psychological strength for going short for such a long term.

    good trading sean,


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