Hello traders welcome back and great to be with you for another analysis to a new trading day. So this is NFP week and today we have a lot of data being released in the NY session, that is the main issue for today’s trading, please be alert to that. The charts are looking good and most are staying with there trend. OK let us take a look at the currency pair for today witch is the EURJPY- This is another 30 Minute chart. Well today we have the daily chart is still bearish.we had a nice trade yesterday and worked very well. Today I have placed the Fibonacci tool on the chart and look for a 50% pullback and also the daily pivot is at the same area, so this is good resistance. I am looking for a bearish closed candle and enter a sell trade at price level 135.65. I am looking to take profit at the S1 pivot at price level 135.01. This will be a nice trade if this works for us with price action. Thank you traders and talk soon … William
