EURJPY is stuck but there are possibilities
1. A break and retest to continue downside action.
2. A retest of monthly resistance 127 to move down.
3. Huge bullish push that may not have been anticipated. Very slim chance/scenario.
I think #1 and #2 are most plausible, just looking at it from all angles.
(this is for personal learning purposes, not an expert or professional)
1. A break and retest to continue downside action.
2. A retest of monthly resistance 127 to move down.
3. Huge bullish push that may not have been anticipated. Very slim chance/scenario.
I think #1 and #2 are most plausible, just looking at it from all angles.
(this is for personal learning purposes, not an expert or professional)
Note
Today EURJPY broke out and will open up at a gap at 124.600s.... its a support. 124.500 is more ideal but we will see.
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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.