EURJPY Neutral Idea
Last week it looked like this pair was ready to make a push to the downside before it quickly surged higher.
From the current level we want to see more confirmation before we decide where this pair may be going.
We have 1 of 2 potential scenarios:
Price action finds support at the current level and pushes higher. Look to target higher toward 118.500
Price action continues with the overall bearish trend. Look for a break and retest of 116.250 before targeting lower toward 111.650
Last week it looked like this pair was ready to make a push to the downside before it quickly surged higher.
From the current level we want to see more confirmation before we decide where this pair may be going.
We have 1 of 2 potential scenarios:
Price action finds support at the current level and pushes higher. Look to target higher toward 118.500
Price action continues with the overall bearish trend. Look for a break and retest of 116.250 before targeting lower toward 111.650
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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.