Ideas For EURJPY The dollar strengthened broadly on Friday, affecting the EURJPY as well. The euro/jpy currency pair is renewing local highs and is aiming for the 149,000 zone. New threats of intervention from the Central Bank of Japan forced investors to be on high alert. On the global chart we see a global distributive movement after the exit from the 136.9 - 113.3 consolidation. At the moment the currency pair aims to reach the 149,000 zone On the local timeframe, we see the formation of a resistance zone 147.250. After a prolonged pre-breakdown consolidation, the price is testing the breakdown resistance again. The local trend is ascending and below the local support there is a support zone , which may not allow the price to fall. I expect a breakdown of 147.250 zone and price growth in the near term •The short-term target - resistance of 148.5 •Medium-term target - 149.500 level of 2014

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Huynh221

Hey Traders, in today’s trading session we are monitoring GBPAUD for a buying opportunity around 1.771 zone, once we will receive any bullish confirmation.

Huynh221

Friday, as the monetary policy in the US remains aggressive we still see a possibility of continuation to the upsides on USDJPY unless fed becomes Dovish but it's still not going to happen as inflation in the US is still an issue and the main focus for the US is to control inflation , so what we can expect? more rate hikes, more USD bulls and potentially a continuation of USDJPY uptrend. hence in the coming week we will be monitoring USDJPY for a long term buying opportunity around 146 zone, remember to avoid using tight Stop losses in this type of environments since USDJPY movements will be more volatile and violent and respecting a proper risk management is always recommended so you avoid blowing your accounts, sticking to 1% risk with proper reward ratio will not allow allow the market to you knock you off.

Huynh221