Good Day Traders have you taken a look at the VIX lately at the moment it is at 27.5% 6 months high for the year Please beware of having any open trades this week end as the Greece election will take place this week end, What are your feeling on the EUR/JPY ?Is it going to break the 100.00 ?There are also a retail sales announcement coming out of the USA today.Have a good trading .
Here is Eur/Jpy 4hr chart. Just closed candle showed clear rejection from a dynamic resistance zone and formed a PinBar. this make confirm that price could 'nt hold the present support area and the continuation of the downtrend that started from 29 June.
Close look on the chart:
We set a short trigger just close the candle. we dont see any good support before 95.50 area. My technical target set at 95.80 area.