EUR/JPY Short Term Bearish MovementEUR/JPY broke trough support, expecting continues bearish movement this week.
Focus Time Frame: 4H/1H
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
Eurjpyshortterm
EURJPY POTENTIAL SCENARIO- I am expecting a minor exhaustion on this pair to retest former resistance level, making it a support.
- Looking for price action confirmation e.g. a bullish engulfing candle before entering long
- Long till 4Hr Zone
EURJPY 1H TECHNICAL ANALYSISWe believe that the price will zig zag between 119.90 and 121.20 and than fall
long EURJPY @ 60 min @ trading capability for this 51st week`16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
