EURJPY Weekly Outlook

5 Mar 2016

I have been short this pair for a long time and we recently saw the key level of 126.00 broken with a lot of momentum. We are now see price move back and approaching this level once again for a retest which could provide a fantastic swing trading opportunity. I will be monitoring price action very closely and look to take a nice short with the long term target being down at 120.00.