I'm becoming lazier and lazier each and everyday in term of giving my own analysis. My technical setup is so simple, it's ridiculuos. While some of my analysis rained in truth, I was also wrong at other times. I think the real challenge in forex is not only perfecting our ability to judge, but also, the willingness to accepting it when losing. Easier said than done. That's why I always think, there is no such thing like holy grail in forex market.

EUR/JPY rebounded strong from 155.94 to 159.19 last week but lacked follow through buying to go higher. Note that 4 hours MACD remain negative through out. Also, the round was still limited below 55 days EMA (now at 159.06). Below 155.94 support will add more credence to this case and bring retest of 152.11 low. However, above 159.19 again will dampen this view and suggest that EUR/JPY is going for a retest of 161.38 resistance instead. (actionforex.com)