EUR-JPY
Very Interested Pair actually it's my Main focus this year , because i see huge potential .
* All JPY pairs are waiting this week specially 25/26 - April - 2013 i mean this week the coming day hold a lot of economic announcement , and the most important announcement is JPY Bank of Japan Rate Decision (APR 26) , which i think it will have a great effect for all JPY pairs in the coming days .
Very Interested Pair actually it's my Main focus this year , because i see huge potential .
* All JPY pairs are waiting this week specially 25/26 - April - 2013 i mean this week the coming day hold a lot of economic announcement , and the most important announcement is JPY Bank of Japan Rate Decision (APR 26) , which i think it will have a great effect for all JPY pairs in the coming days .
Weekly Chart
weekly chart talk about himself there is 3200 pips target expected but the strongest resistance between 132.000 and 134.000 level its so crowded area with i think need a strong news that give the price the momentum to breakthrough these area and as always nothing is for granted in Forex market
stop loss level at 124.00 area .
*Hold long*
*** please refer to the disclaimer in main page ***
** i had exit the long position early due to last week Event which is :
- weaker than expect EUR data , and week EUR performance against USD .
- Bank of japan failed to outline additional stimulus efforts.
There is double top formation from the daily chart which may suggest further decline .
*** i am will stay aside and watch the pair in the coming week **
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