Wednesday, November 13, 2013

EURJPY USDJPY 131114

A look at the jpy pairs

EURJPY

eurjpy on the daily very extended as we all know, jpy pairs have been skyrocketing.


On the daily, we can see a possible break and retest of the broken trendline at 134.50. To form a possible head and shoulders top. Risk above the highs.

USDJPY

Could be forming a double top. Pullback has been minimal, so be cautious.

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