Saturday, March 30, 2013

EURJPY Price Action: Inside Pin Bar Trade Setup, 30/03/2013

The EURJPY has given off an inside Pinbar Trade setup at Support (120.70). This tends to counter the initial fakey trade setup discussed in its previous commentary. If this setup pulls off, target could be at about 124.00 which is the nearest resistance.

My Recommendation: I will wait one more day to make a proper assessment of this setup.

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