Euro / Japanese Yen
Short

EURJPY 4hour Analysis May 15th, 2022

368
EURJPY Bullish Idea

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

Trade scenario 1: EJ is looking super bearish after a massive fall off from our 137.000 resistance level.

Ideally, we can confirm structure and a lower high now or near 135.500 to consider short scenarios.

Trade scenario 2: For us to consider EJ more bullish we need to see price action shoot back up toward 137.000 and start forming some serious 4hour bullish structure.

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