EUR/JPY rallied up to 130.00 yesterday before pulling back providing short opportunities
Technical outlook and chart settings: As seen on the chart here, the currency pair spiked close to 130.00 yesterday, as expected, before pulling back sharply. It was recommended to initiate 50% short positions around 128.00 and the remaining around 129.50/130.00. Major resistance levels are 130.00/50 and 131.00; while immediate intermediary support is 127.90, followed by […]