EUR/JPY: Market Overview:
Euro/Yen Japanese look very interesting to short EUR/JPY in the key supply zone around $140.07 JPY in this trade.
Also, I beleive that Euro need to up in that zone and very near of the EMA 200 to confirm it like resistance here in that zone that I see. Also, that mean that we could to find up a movement to the upside of +0.70% and find up +105 pips in this trade. What mean that we could to check in a short timeframe like H1 becuase I see a possible long posiiton in this shortly trade to long position in EUR/JPY and then short EUR/JPY in that zone that I mark here in H4 timeframe.
Also, as we formed a bearish BAT Harmonic Pattern, and we're dwon of the 0.782% Fibonacci (confirmed)
In H1 timeframe, we could to see this panoramic. But I see clearly a good long position, what in few minutes I will make a 2nd analysis in H1 timeframe.
In Daily timeframe, I hope a bearish continuation in this trend, also we're in this bearish channel what I hope a possible weakness during this week in EUR/JPY in my note
I hope that this analysis support you. I will long EUR/JPY in H1 timeframe and then, I short EUR/JPY, because I see a clearly long posiiton in that zone that I will explain very soon now.
Also, I beleive that Euro need to up in that zone and very near of the EMA 200 to confirm it like resistance here in that zone that I see. Also, that mean that we could to find up a movement to the upside of +0.70% and find up +105 pips in this trade. What mean that we could to check in a short timeframe like H1 becuase I see a possible long posiiton in this shortly trade to long position in EUR/JPY and then short EUR/JPY in that zone that I mark here in H4 timeframe.
Also, as we formed a bearish BAT Harmonic Pattern, and we're dwon of the 0.782% Fibonacci (confirmed)
In H1 timeframe, we could to see this panoramic. But I see clearly a good long position, what in few minutes I will make a 2nd analysis in H1 timeframe.
In Daily timeframe, I hope a bearish continuation in this trend, also we're in this bearish channel what I hope a possible weakness during this week in EUR/JPY in my note
I hope that this analysis support you. I will long EUR/JPY in H1 timeframe and then, I short EUR/JPY, because I see a clearly long posiiton in that zone that I will explain very soon now.
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