Bearish harmonic on $EURJPY H1 and H4
EURJPY is close to entering a supply zone. The average daily and monthly range high is around 132.650, this should limit further upside for the rest of the month. A bearish harmonic formed, which should correct at least to the former resistance (break-out) line. First target 132.00, then I expect to consume the bullish spike on the 3rd of Feb.
Note
Correction: Weekly high should be monthly on the chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.