EURJPYAs I said last weeks...EJ will climb in the next few days or stay in this area ... Just like I told you at EG, EJ made 6 green candles on the 1 month chart, which has only happened twice in the last 15 years! for now I will be very reserved with this pair and I will look for massive SELL in the first part of May especially since W did!
EVER in EJ's history he has never made 7 consecutive positive candles!
On both charts, it is perfectly closed a W so down the 500-700 pips is imminent!
If we look into the left on the 1st chart we will see that EJ has formed a W in 2018 where a 1500-pips descended and even if it seems unreal I think at least 50% of this move will also do it. this date!
Anyway ... I expect the climb to the area 133,100-133,400 and after a very powerful descent to area 125-127
THIS WEEK...If we make a parallel between the chart on a week and one month we can see as EJ Pattern Pattern formed since 2018!
In the 1 week chart we observed that this is a very important area for EJ's near future ... if you see in the left circle, any closure even for 1 day over the green line means an imminent climb in the 137,300 area
However ... if the month of May closes below 134,050 then we can take into account a very strong retreat movement up to the 125,000 area and so on ... UP AGAIN!
anyway ... it looks like it will be the first time in 15 years when EJ ends 7 consecutive months on GREEN
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*This information is not a Financial Advice.
