EUR/JPY, DAY CHART, NEUTRAL (8-JAN-2017)

Note: We are still watching on EUR/JPY pair
We are slightly bullish on this pair.

Here are 3 trading plans we have:
1. The recent bullish bar bounce from 20-EMA serve
as a good signal to long. We can wait another bullish
confirmation to entry long.

2. Wait for another pullback to support zone or 20-EMA
and wait another strong bullish signal to long.

3. If there are few bearish signals or the price eventually
break the support zone strongly, we will change our view
to bearish. After breaking, wait for pullback and
bearish signal to long.

Сделка активна:

Now the price went down, not only breaks the 20-EMA line, but also breaks the strong support line.
We decided to short now. Or u can wait for price pullback to 20-EMA or support line again to short.

EP: 121.453
SL: 123.809
TP: 117.687