It’s 06:42 GMT, Wednesday.
I just took the long side (again!) on EUR/JPY at 108.48 I have this inkling that the ECB (European Central Bank) is finally going to do something good about the euro very soon.
Stop loss is where it’s supposed to be as usual.
Target: up there somewhere.
Here’s the hourly chart as of now:
Japan’s unemployment rate rose in May to a seasonally adjusted 5.2%, according to government data released Tuesday, marking an increase from 5.1% in April and confounding expectations for a drop in the jobless rate. Industrial production fell by 0.1% in May from April, according to a separately released report. See full story on Japan economic data.
The dojis I was seeing turned out to be quite dodgy. Nasty little rascals. 
In a nutshell, got stopped out for a 206-pip loss. Life is a breeze. For some.
Robert Prechter, president of Elliott Wave International, tells host Maria Bartiromo why he sees dark days ahead.
We’ve got two really nice dojis formed on the EURJPY daily chart. The wicks are quite long, and in the direction of the (preceding) trend, so if my reasoning is right, we will see a good upward move next week.
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Also, EUR/USD supports my view:
