Friday, April 17, 2009

Update on EUR JPY trendline break

EUR JPY 240 mins chart

eur jpy 240 mins 17.04.09

Update on the EUR/JPY chart i posted yesterday. We did finally see a break of trendline, a retest which was sold into multiple times. Aggressive traders can take short positions right now itself, more conservative ones can wait for a break below the low formed yesterday for a confirmation. That should be a very high probability trade.