Just noticed that there are no threads on the eurjpy here .
I trade often turn to the eurjpy , the volatility makes it great for daytrading.

Right now it seems we're in the middle of a triangle . I will be watching for a breakout.

Diamond formation....?

Hi, Thanks for the thread, EJ is one of my fav too ...

After considering / pondering yesterday's Draghi, and today nfp, plus the fact that EU making new low this week, i think i'll try to buy EJ once more, targeting min - 137.68 ... if the opportunity arise.



Good Luck.

Seems like we could get a little retrace today, false breakout to the downside early in the sesion.

After yesterdays 61,8% retrace it seems a bit like we are gonna get a volatile down day. False breakout above yesterdays high early in the sesion.

...ended up break even yesterday because of poor entry...

Draghi will be speaking soon too.... hm...

Choppy day so far....

I like EUR/JPY short on a longer timeframe from a momentum, relative value vs counterparts, fundamental, and risk sentiment perspective.

1:3 risk reward:
S/L @ 1.31970
T/P @ 1.20998

Today we'll probably spend in this channel.... I guess