Nice run up as EUR/JPY is holding the megaphone pattern nicely. Looking for a simple pullback here, short from the 133.70s, 80s, and 90s, and taking profits in the 133.55 to 133.60 area.
**UPDATE 5/26/2015: our short had a target of 135.61 and we also had a limit long sitting at the 135.60. Grabbed 20ish pips on the short and over 40 on the long. Pulled the long here at the 134.00, looking for some consolidation chop before getting back in long.
Will then look for long signal for same targets called out last week:
Target 1: 135.33
Target 2: 135.77
**UPDATE 5/26/2015: our short had a target of 135.61 and we also had a limit long sitting at the 135.60. Grabbed 20ish pips on the short and over 40 on the long. Pulled the long here at the 134.00, looking for some consolidation chop before getting back in long.
Will then look for long signal for same targets called out last week:
Target 1: 135.33
Target 2: 135.77