Euro / Japanese YenShort
15 min EURJPY
15 min EUR JPY
Overall bias is bearish
Price has been creating new HLs and HH inside a rising wedge breaking the 1 HR and 4 HR zones.
Previous bullish Order block areas are also seen on this time frame confirming price has been on a bullish trend. I’m waiting to see if price gets rejected near 143.106 with a history of bearish OB. It may also push up to retest 143.342 inside the Daily due to wick rejections from going higher than 4 HR resistance. There will be some pullbacks/retracements on the areas with recent bullish OB.
Overall bias is bearish
Price has been creating new HLs and HH inside a rising wedge breaking the 1 HR and 4 HR zones.
Previous bullish Order block areas are also seen on this time frame confirming price has been on a bullish trend. I’m waiting to see if price gets rejected near 143.106 with a history of bearish OB. It may also push up to retest 143.342 inside the Daily due to wick rejections from going higher than 4 HR resistance. There will be some pullbacks/retracements on the areas with recent bullish OB.
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