Euro / Japanese YenShort
EURJPY POSSIBLE SHORT
We are yet above the downtrend channel holding since 2018 till date, we broke above this channel June 1st, we have a retest and rejection in the zone which set price higher to 124.40, over the week we have price a BEARISH FLAG formed on the 4H chart, which we broke below on Friday with reversal and we saw some rejection at the lower bound of the FLAG, which is a 38 Fibonacci zone of the swing high to swing low.. with
light rejection in the zone which make price close below the BEARISH FLAG, i will be looking out for more reversal possibly to the 121.02(50 % Fib)or 121.32(61.8% Fib) to go short and the target zone will at at 119.50/.25 thereabout.
light rejection in the zone which make price close below the BEARISH FLAG, i will be looking out for more reversal possibly to the 121.02(50 % Fib)or 121.32(61.8% Fib) to go short and the target zone will at at 119.50/.25 thereabout.
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