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EURJPY 30 Minute Chart Analysis

EURJPY 30 Minute Chart Analysis
Friday, January 29th, 2016 @ 2:56 am by William Gilday

Screen Shot 2016-01-29 at 07.32.52

Hello traders welcome to a new day as we approach the end of the week. Traders I just looked at all the charts and there is some trades but nothing easy. Be aware that we have a BOJ press conference that I feel is the big one for today. We also have a lot of high impact data in the U.S session not easy today traders on a Friday………

OK traders let us take a look as I feel with today and the BOJ press conference could be a possible issue so this is the plan on the EURJPY- This is another 30 Minute chart. Well today if we look at the daily chart this pair is very bearish and this is not an easy pair to trade due to all the data and today we have a BOJ press conference in london session. I have a trend line trade today as my bias remains bearish. Break the trend line with a retest and we can enter this trade at the price of 129.80. I am looking to take profit at the price of 128.90 at the 200 ema.

Thank you traders and we will talk soon…..William

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