Here is my daily chart analysis of EUR/JPY!
This pair is like a freight train killing short traders!
Earlier this week i posted a chart where EUR/JPY was trading @ 118.00 with a forecast of 120.00!
As you can see we flew past the 120.00 handle and are currently trading @ 121.67 !!!!!
As you can see on the chart, we are right on the 161.8% Fibonacci (121.68.00) if this level is smashed through, there is a high chance we shall see 128.16!There should be some space for profit taking and sellers to take a piece from this pair soon.