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EURJPY hits targets both short and long side

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURJPY, 240 min March 14th I published an analysis on EURJPY suggesting that the pair would provide opportunities on both short and long sides. Price was about to roll over from the daily Bollinger bands and move to my buy area. As the pair was trading at 126.26 at the time of writing I suggested we could take a short between 126.50 and 126.80. Price rallied to 126.70 and faced heavy selling. This resulted in my 125.45 target being hit on March 15th. The long trade idea was to look for buy

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