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Euro / Japanese Yen
Short

EURJPY Further Rise or Rebound

40
EURJPY will test the nearest supply zone 1 again. Shorting EURJPY is more favor now. However, there are 2 supply area need to be clear before the EURJPY to continue to drop. Daily candle show bearish engulfing which tell is the bear still in control in the market. 139.500 is the key resistance to watch. Breaking this point will cause the price will rise further.
Shadowcode90
Chart Patternseurjpyshort

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Chart Patternseurjpyshort
Shadowcode90

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.