Eurjpyshorts
EURJPY Forecast W5 JAN 2020Another beautiful pairing on the JPY. Ascending trendline has been broken and a triple top/divergence can be spotted on the recent structure highs. However now the price is a bit stretched out towards the downside, hence a pullback would be logical at this level. A pullback to the 121.447 region which is also the 50%-61.8% fib golden retracement level.
False breakout will not be in consideration first, unless other indicators say so. If price goes beyond 123.800. The short setup will be invalid