EURJPY Short Idea
This pair is looking very bearish on all significant timeframes
The current level 116.250 is where we will see if price action is going to continue lower or bounce
We have 2 potential scenarios here:
1. Price action bounces from 116.250 with strong bullish setups. Look to target toward our next resistance level around 118.500
2. Price action breaks 116.250 with good bearish momentum. Look for a retest with the proper bearish confirmations. Target lower toward 111.650
This pair is looking very bearish on all significant timeframes
The current level 116.250 is where we will see if price action is going to continue lower or bounce
We have 2 potential scenarios here:
1. Price action bounces from 116.250 with strong bullish setups. Look to target toward our next resistance level around 118.500
2. Price action breaks 116.250 with good bearish momentum. Look for a retest with the proper bearish confirmations. Target lower toward 111.650
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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.
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.