Waiting to sell EURJPY / USDJPY (17.06.2013)

The long decline in the price of the Japanese Yen has been seeing to decline. Therefore we are spotting opportunities to buy JPY by selling USDJPY and EURJPY .

Read about the Trend/Wave/Extreme system here

EURJPY/ USDJPY (4-HOUR) Sell

USDJPY 17.06EURJPY

Why sell

  • A down trend line being apparent
  • Trend (long term) are pointing down
  • Extreme Indicators are pointing overbought

Note: The pairs are still in an upwards correction mode. Wait for two consecutive down candles before selling.

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.