Euro / Japanese YenShort
EURJPY creating Head and shoulder
As you can see the price has been going down rapidly since last week from the point where 128.00,FIBO level of 61.8 and 200MA meets up.
We can assume that It is looking like first wave of Bearish move but at the same time we can doubt it since the price has been rebounded at 124.00.
It is in Range for now but we can assume that it is drawing H&S as the picture.
When the price break out sell the pull back!
We can assume that It is looking like first wave of Bearish move but at the same time we can doubt it since the price has been rebounded at 124.00.
It is in Range for now but we can assume that it is drawing H&S as the picture.
When the price break out sell the pull back!
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.