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EURJPY short trade.

EURJPY did temporarily dip its toes down below the 200 period daily MA but appeared to bounce back. However it is currently heading down, if you look at the SignalTraderMassive indicator you can see the yen pushing up and EUR pushing down. Bouncing through the 200 daily MA could mean it’s about to head on further down perhaps back to 138.555 that my robot is targeting, it did head there last week and I would expect it to push down.

We shall see what happens but it is setup day.

It does look like a bearish hook as well, last week the pair did get all the way down to around 138.720

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Update

Need I say more (Both Daily Charts)

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