EURJPY Daily

Having broken the down channel at 121.00 the last couple of sessions have seen EURJPY consolidate somewhat. That level was coincidentally (?) the 0.236 from last October’s move up to last week’s high.

However the pair is breaking through the support of the 30m as I type which could start a move targeting 117.00 which I mentioned yesterday.

EURJPY 30m

I have to say that if we have the wild dip towards that 117.00 target area I believe it will attract good buyers (plus me !)