hello
how are you all members
what is your opinion about buy the eur/jpy pair … lowest price from 2 years
117.45
please look at the chart
thank you
I’m still short on this (again).
Have you been shorting this as it fell since April?
The closing gap between slow MA and fast MA in stochastic 533 shows sign of a weaken bearish momentum. However, price is still trading below current month mean level indicating bearish bias. In 2017, April monthly candle shows a bullish candle with long bottom wick, suggestive of a possible support at 114.000 price level. It is definitely a bad idea to buy now, as there are no signs to suggest any reversal of the bearish trend. However, for contrarian trader, depending on your strategy and holding power. It is also possible to buy at 117 and average up at every interval like 116, 115 and cut loss if 114 is taken down. This would be a gamble that price will be supported at 114 level.