EUR crosses/Technical Analysis

EUR/JPY: Trading above double-weekly high at 117.75; clean break targets 123+

As we saw in cable a few weeks ago, be wary of technical breaks in thin markets! Nevertheless, a clean and confirmed break above 117.75 opens up some more fresh air for a move to 123.00 (trend highs and huge Fibo, 38.2% 170/94).

  1. Sean, after being stopped out at 114 last days, i entered long again at 114.35. i’m still holding AUD/JPY long. it’s cruel market & not time to counter frantic rally 🙂

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