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Euro / Japanese Yen
Short

EURJPY May Retrace! Here is WHY:

741
snapshot

EURJPY reached a key weekly structure resistance.

this key level matches perfectly with a resistance line of a rising channel on a daily.

once the market touched this line, we see a strong bearish reaction and bearish engulfing candle formation on 4h.

based on that I believe that the price may drop even lower.

goal - 125.6

good luck
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EUReuroForexfxjapaneseyenjpySupply and DemandSupport and ResistanceTechnical AnalysistradingTrend Analysisyen

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EUReuroForexfxjapaneseyenjpySupply and DemandSupport and ResistanceTechnical AnalysistradingTrend Analysisyen
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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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.