If the EURJPY breaks below the 38.2% fibonacci retracement level, this could signal further downside potential.
This would also somewhat nullify the potential inverted head and shoulder pattern forming.
If the price breaks below the 162 price level, look for the EURJPY to potentially trade down to the 160.50 price level.
This would also somewhat nullify the potential inverted head and shoulder pattern forming.
If the price breaks below the 162 price level, look for the EURJPY to potentially trade down to the 160.50 price level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.