EURJPY Daily Sell

Lets wait for a daily close tonight below the trend line that extends from the August 2017 low. Until that happens, buyers are in control.

There’s also a chance that the EURJPY will act similarly to the GBPJPY in recent weeks. I’m referring to the break above rising wedge resistance. If that happens here, I will not be a buyer because the rising wedge on eurjpy may create fake break out at the upper boundary and many swing traders would fall to the trap.

NB: I am personally targeting a Sell