EUR/JPY – The spring is being compressed hard

The harder the spring is compressed the sharper is the snap back.. i apply the same logic to EUR/JPY cross.

Rather than analysing on which side it will break, I prefer to stay vigilant and jump into the flood whenever and whichever side it begins flowing…

Note the pair is being squeezed from both sides March 15th. The upside is being pressured by falling channel resistance and repeated dips below 125.00 are being bought-into.

Watch out for a break..

GBPUSD D1 (03-24-2016 2216).png


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s