previous analysis shows eur/jpy approaching daily demand (green) and bounced off the demand as expected, price has stalled and consolidated at minor demand zone (yellow). This is due to the institutions taking profit at that level and have pending orders which will be filled in due time.
Minor demand created a rally base rally type move so I hoping to capture the move during the next rally.
Minor demand created a rally base rally type move so I hoping to capture the move during the next rally.
