EURJPY at Technical Crossroads

 

EURJPY is at a technical crossroad with the intersection  of a 4-1/2 month bear trend line just above, which marks the primary trend, and the two month horizontal resistance level which marks the top of the current trading range.

 The black line stair stepping lower across the chart is the Monthly Central Pivot.

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About Jay Norris

Jay Norris is Director of Education at Trading University, has over 30 years of trading experience, and is the best selling author of "Mastering The Currency Market", McGraw-Hill, 2009, and "Mastering Trade Selection and Management", McGraw-Hill, 2011. He has also been published multiple times in Technical Analysis of Stocks & Commodities magazine.

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