Euro / Japanese Yen

#EURJPY Major Resistance area

By TradingTechs

Updated

entered the major resistance area and the high is capped by the 38.2% Fib. Price Action should slow down around these levels and a short setup for a move to 118.40 area might present itself for good risk/reward

Note

Managed to get down to 118.68 on the Italian referendum result before completely reversing

Note

Pair is building volume (consolidating) in the resistance area. Some structure needs to be formed before any hints for further movements

Also on:

Related publications

Range bound EUR/JPY

by TradingTechs

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.