EUR/JPY (Daily Chart) - Sideways Meandering
This pair is somewhat erratic, in the sense that it is moving sideways in a large range, making it hard to trade, especially now that it is in the middle of the range.
Generally, for large ranges, the best strategy is to buy low and sell high.
Based on the recent price action, it is possible that it make have another leg of down movement to the long-term support level.
The R/R at this point is good for a short trade, and I will look to go long at the support when the time comes.
Generally, for large ranges, the best strategy is to buy low and sell high.
Based on the recent price action, it is possible that it make have another leg of down movement to the long-term support level.
The R/R at this point is good for a short trade, and I will look to go long at the support when the time comes.
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