EURJPY has been consolidating pretty tightly between Resistance and Support creating a Rectangle Pattern where Price has currently broken out to the downside!If Price makes a Retest of the Breakout and is successfully rejected, this could deliver some potential Short Opportunities!!
After a Retest, Price has a couple Support Areas it could visit:
TP1 @ 171.515
TP2 @ 170.975
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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.