Euro / Japanese Yen
Short

EURJPY 4hour Analysis August 14th, 2022

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EURJPY Bearish Idea

Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish

Trade scenario 1: We are looking super bearish on EJ and we seem to have broken a key zone near 137.000

Look for strong bearish variations right now and look to enter short on confirmation below 137.000. Target lower toward key support levels.

Trade scenario 2: For us to consider EJ bullish again we would need to see a significant break of 137.000 with a higher low above.

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