Euro / Japanese YenShort
EURJPY Sell Play dependant on Market Gap
EURJPY Play
I am personally still Bearish on the pair!
This week has been strange in P.A terms. We banked 150 pips on Tuesday but there is still further downside potential.
Wicks highlighted (red) suggest there is another small support at the price 122.600.
We could see some more pull back to the new forming bearish trend line for Lower highs and lows.
Confluences -
MA looks to cross. Spinning tops suggest indecision or consolidation.
I am personally still Bearish on the pair!
This week has been strange in P.A terms. We banked 150 pips on Tuesday but there is still further downside potential.
Wicks highlighted (red) suggest there is another small support at the price 122.600.
We could see some more pull back to the new forming bearish trend line for Lower highs and lows.
Confluences -
MA looks to cross. Spinning tops suggest indecision or consolidation.
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