Hello everyone, EUR/JPY is struggling to break the resistance level
indicated in the 4Hour chart.
📌We have 4 consecutive candlesticks with long wicks at the top.
📌Price is currently below the EMA on the 4Hour chart. This gives us
a slight bearish bias for the 4Hour Timeframe.
📌If price continues to stay below the (resistance zone + EMA on 4h chart),
we can consider selling EUR/JPY@157.82-157.92 with SL near 158.10
with initial TP at 157.38 and final TP at 156.70
indicated in the 4Hour chart.
📌We have 4 consecutive candlesticks with long wicks at the top.
📌Price is currently below the EMA on the 4Hour chart. This gives us
a slight bearish bias for the 4Hour Timeframe.
📌If price continues to stay below the (resistance zone + EMA on 4h chart),
we can consider selling EUR/JPY@157.82-157.92 with SL near 158.10
with initial TP at 157.38 and final TP at 156.70
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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.