EUR/JPY - ascending movement, probably test of 138.18, waiting a signal for position

25.06.2015 / 09:34

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EUR/JPY - uptrend and correction to diagonal support

Indicators in bearish formation, which increase the possibility fr test of the support

Than i will have 2 options for trade. If RSI cross above the 0 i will have a reason for Buy in direction of the trend

If there is a breakthrough i will wait for it and than i will search a place for Sell around the test 138.18.
I might use a confirmation signal from Stoch on H1 for a descending impuls

Still, there isn`t a deeper bottom. Long is more probably, breakthrough bellow 138.18 will means a possibility for new descending movement

The focus is still on Greece, probably sharp movements in the two directions.

High volatility expected

Varchev Traders

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EUR/JPY - ascending movement, probably test of 138.18, waiting a signal for position

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