Euro / Japanese Yen
Short

EURJPY Double Action Scenario

135
W1 - We have an amazing resistance created by two cycles which coincides around the 129.60 zone

D1 - Potential bearish divergence is forming.

H4 - We can look for corrections as long as last swing low is holding and go long towards the magnet zone which will be our final target.

We will start looking for sells once the magnet zone (129.60) is reached,

Ideal strategies to be applied in this case are sRs Trend Rider 2.0 and Forex Triple B.

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.