EUR/JPY: Short Tendency intactWSI KEY Reasons for Short Tendency:
- break of structure
- first lower low sind March 2022
- POC & ultra high volume sell zone
- Re-test of BOC + POC zone
- 200er MA H4 sell zone
JPY buying likely to continue during stock market sell-off. EUR weakness likely to also continue due to hesitancy of ECB to raise rates + Russia/Ukraine situation.
SLs should be set above break of struture level (see chart).
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Meikel & Team WSI
