The EURJPY opened aggressively higher this morning, with price attempting to breakout above today’s R4 Camarilla pivot at 140.54. Price was quickly rejected however, and the EURJPY turned back inside of its trading range starting at the R3 pivot at 140.11. It should be noted that today’s range spans 82 pips, with price currently trading near the S3 pivot at 139.29. If price remains supported at this value, traders will look for range bound market conditions to continue.
Alternatively, in event that the EURJPY continues to decline, traders will begin looking for a breakout below the S4 pivot found at 138.87. A move to this point would be significant, opening up price to close lower for the second time in nine trading sessions.
www.dailyfx.com...out-Higher.html?CMP=SFS-70...
Alternatively, in event that the EURJPY continues to decline, traders will begin looking for a breakout below the S4 pivot found at 138.87. A move to this point would be significant, opening up price to close lower for the second time in nine trading sessions.
www.dailyfx.com...out-Higher.html?CMP=SFS-70...
Life comes down to a few moments, this is one of them.