EURJPY: Short opportunities in Play

Written by Raul Lopez on . Posted in Trades & Analysis.

I know, the yen crosses have been trading a little odd lately, especially at the end of last week; still most of them are bearish, including the EURJPY:

EURJPY
EURJPY

The EURJPY is about to break both, LOPS2 & LOPS1, if it happens, it will be trading in a very strong downtrend.

Only short opportunities are in play, I have the next LT support level at 113.71, so there is a long way before the EURJPY hits that level.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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