EurJpy Trade

Oct 13

EJ is another pair that has been ranging. Structure on the pair hasn't been all that great but we could have a solid set up for the new week. Last week I was personally looking to short the pair but news kept the pair in a tight range last week. This week I'll personally be waiting on price to break and head into a clear direction. At that point we could expect price to continue heading in that direction. I'm not really leaning into buys with price still being overall bearish here. Price has failed to push to the upside for some time now so just based on probabilities I'll personally be looking for shorts here.