Stocks soaring is helping the EURJPY cross
The EURJPY is pushing higher with the stocks soaring.
The chart shows the pair moving back into a wide, but real swing area in the 131.16-828 area. The 200 day MA is up at the high of that range and should slow a rally in the new day.
ON the downside from this pair, the lows from Friday and today, stalled in another range area from 128.843 -129.315.
With the stock markets taking chunks to the downside and now to the upside today, the EURJPY (and other JPY crosses) can also do chunks. As a result the areas outlined can be the barometers for your trading (should you decide to trade this pair).
