Since the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.
In August, the pair consolidated, and this consolidation could very well be distribution.
Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses.
As long as the 158.70 high is intact I'm looking to sell rallies with a target at 154 support.
In the medium term, however, the pair could drop even to important 151.50 support.
In August, the pair consolidated, and this consolidation could very well be distribution.
Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses.
As long as the 158.70 high is intact I'm looking to sell rallies with a target at 154 support.
In the medium term, however, the pair could drop even to important 151.50 support.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.