At the current exchange rate of 172.240, the EURJPY pair appears to be in a bearish setup according to the SMC analysis. This assessment is supported by both divergence and candlestick confirmation. Based on these indicators, I anticipate that a sell trade could yield a profitable outcome.
SL: 172.455
TP: 171.645
SL: 172.455
TP: 171.645
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.
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.