How to profit from FX Markets by 
The range trading zone is still an option to play if the pair hits 130,00 this week. Bullish divergence on the 4 hour chart could signal a further euro recovery but risk/ reward ratio doesn’t fulfill my trading rules.
Bearish trendline formed offers short term resistance at 134,00 - 134,50 and previous low made during asian session opening at 131,00 is the next relevant support zone.
EUR/JPY 4 hour chart:
César B.Leiceaga
DEAR CESAR
I agreed your view.
Reversal of eur make revised MT pattern triangle from A=139.20 @09/06/05 and now EJ is in final legdown (E) toward support TL. main target is 100% proj.(138.50-132.80)from 136 @130.17. (criticaL S=128.86=38% 112-139.20).
A short entring at 133.80 area advise.
REGARDS
Cesar:
Think you are right, we hit a temporary bottom. Mkt will try to reach the 50 m.a around 134.80 and fail, for lows seen o/n later in the week.
Dear A-SOLTANI:
I like your short entry, I’ll probably try it…
Regards.
Dear Carlos,
I think exactly the same, the bounce is to end around that area.
Regards.