Author Bio

Up late working on some cool stuff you’ll see soon at Currensee, I happened to check in on the Asian session.  We checked up on the Aussie Dollar last week and this time I bounced off a post by our buddy Casey on the EUR/JPY.  Given all the chatter about the weak USD, it’s nice to look at a pair that doesn’t include the greenback.

Casey notes that the EUR/JPY is “testing a downward trendwall on the 4hr chart and that could be significant change in trend” and posits a resistance point at 133.77 after which he says, “we could see a reversal of the current down trend and that could bring new highs.”

Over at the Currensee dashboard, we can see that the community predicts similar Resistance points, but most of the Currensee traders have so far guessed wrong on this pair.

As the sun rises on the US trading day, we’ll see what develops.  I hope you’ll join the discussion on Currensee.

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.