EurJpy- A new leg down?
The long-term trend for EurJpy is clearly down for a few years now (visible on the weekly chart) and after 2 failed attempts to reconquer 125 in October, the pair dropped to 121.50 zone.
The rise from this point is corrective and we have a clear resistance at 123 (the last broken support and congestion zone)
I expect bears to take control next week and we can see a new low for this period around 121
I'm looking to sell this pair
The rise from this point is corrective and we have a clear resistance at 123 (the last broken support and congestion zone)
I expect bears to take control next week and we can see a new low for this period around 121
I'm looking to sell this pair
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