The EURJPY is testing a cluster of technical ranges together with the 100 hour MA, the 100 day MA and the 50% all inside a couple of pips of one another. Under that – and never far away- is the low of a swing space.
With a number of technical ranges centered in a reasonably slender vary, the dynamics permits technical merchants to “risk a little to make more than a little” (i.e., to make extra).
To study extra, watch the above video.
