Euro / Japanese YenShort
EUR/JPY next week review
EUR seems strong against JPY due to for the last three weeks our Asian currency has been weaken facing mayor currencies. However, this coming week may be the one in which JPY starts to correct its way. By analyzing weekly chart, we may get as conclusion that our pullback is getting to its end and a bearish movement is about to begin. By checking our hourly chart, a butterfly pattern has formed by getting to a 131.300 resistance zone, crossing it up a little; however, do not take risky entries. As a recommendation, we must wait until a downtrend clears our path to start selling.
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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.