Hello traders good to be back with you today we are looking at a JPY pair because the Finance minister has made a statement yesterday that they are looking at a possible stimulus into the economy. This issue is this statement move some pairs over 80 pips and has turned some charts crazy. I bring this up so you are cautious on any JPY trade you place as you know they never say when they will take action always a surprise. Let us take a look at the currency pair EURJPY- This is another 1 Hour chart. Well today we have a very hard trade to talk about as you can see data from yesterday took this pair down and now we are working off support of the 200 ema. The trade plan for today is we want a bullish candle above or at 139.23 and prove it wants to go long. We will look to take profit around 140.27 or before that as we have Forex junk left of the chart. Thanks traders and Talk Soon….. William
