Sean tells us, very logicaly, that we are supposed to trade the edges of broad ranges and try to avoid getting chopped up in the middle.
We;;, we’re at the edge of the EUR/JPY range, at 8 month lows, the fifth time we’ve been in the 127.00 vicinity.
It is tough to ignore a risk averse world in which Greece is in danger of a debt bomb, the US is in a political funk, China may be overheating, but charts don’t care about any of those things. With prices in deeply oversold territory, brave technitians may wnat to close their eyes and buy some EUR/JPY with a fairly tight stop, say 126.65. for a qucik rebound to the 129.00 area.
