Euro / Japanese YenShort
EURJPY Short
Updated
This currency had a bearish momentum when it touched 156 only to retract to the 0.5 fib level at 164.
If the price fails to break out of the 165 zone & a daily candle turns bearish by the end of this week, then it might continue / retract with the bearish momentum retesting the 156 level.
An analysis using a shorter time length will follow to indicate the best entry position.
If the price fails to break out of the 165 zone & a daily candle turns bearish by the end of this week, then it might continue / retract with the bearish momentum retesting the 156 level.
An analysis using a shorter time length will follow to indicate the best entry position.
Trade active
Time for an entry.
Entry at 164.1, SL at 165 and Take Profit at 158.6
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