Direct from the desk of Dane Williams.
Just a quick Sunday morning, EUR/JPY blog to set things up for the week.
Remember the 2018 flash crash across Yen pairs?
You can't miss it if you look to the left of this really zoomed-out daily chart.
EUR/JPY Daily 1:
Well now zoom in and take a look where price has found support most recently.
EUR/JPY Daily 2:
"If there were buyers during a fucking flash crash, then there have got to be buyers again years later."
-Said the technical analysts.
...Probably.
But seriously, this is a clear higher time frame zone that we should be basing our intraday trading around in the coming week.
Our bias has been bullish JPY, especially if shit hits the fan again, so that would translate as bearish EUR/JPY.
Put this pair on your in-play list.
Best of probabilities to you,
Dane.
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