EUR/JPY..is this the best pair to trade ?

[initialsBB]

I don't trade it, but i've been following it for some time now, and it seems like a good pair to trade. It's also called fifth major (this is for those who claim that you should trade majors), has low spread and i think Reuters does not quote it as a composite (not sure for that though). Just by looking at the charts you'll notice that the tunnel between EMA 144 and 189 on 1H is important support/resistance as the price often retraces to this area. So this would be good for buy dips/sell rallies scenarios.

[Levendi]

It does seem to be a great pair to trade if your a Technical trader. I have been trading it since my first post and have had 100% success rate. (trading live).

Levendi

[JonnyFX]

Originally Posted by astro

I don't trade it, but one look at the chart and you can tell it's a nasty pair.
No "typical" market price action which suggests that this pair has low trading volume which can be dangerous...

I'd stay with the majors

Astro

I see that this post was done long time ago but I really loathe ignorant comments. Why is it a nasty pair? Low volume? What gave you that idea? And as someone rightly pointed out, this is a major unless to you a major is anything tied to USD. This pair is not for morons, it's for technical indicator users and pure technical traders.