DAILY PRICE ACTION | FOREX SIGNAL

Hello Naked Traders.

Eur/Jpy

Eur/jpy has arrived at a very important level and where seems to struggle in the short term to break to the upside. In fact in today’s session we find a typical price action naked signal. The false break upwards offers you the possibility to get short with a good risk: reward ratio. The first support is the 104.60  area. Instead if  price were to go on the upside breaking up the 108.00 zone it could be possible to see a new bullish move toward 110.00 area.

 

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