EUR/JPY:DOWNTREND|FIBO PULLBACK|PRICE ACTION+NEXT TARGET|SHORTđź””
The correlation between EUR/USD and EUR/JPY is high +75 points, as we can see from the chart, we are in a bearish trend within a bearish channel. The price bounced 2 times on the fibonacci level 61.8% using it as a dynamic resistance, in addition to this, the price used the channel trendline always as a resistance. Now the price is below the average 200 sma, we expect a short impulse.
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE đź‘Ť button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE đź‘Ť button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
âś… TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
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.