EURJPY Analysis
Price has been in a downtrend for some time as you all should know JPY pairs fell massively. Price has created a level at 120.385 but there's still a chance price might go back to test level at 120.050 (colored red). If that doesn't happen, i'll be looking top see price break up 120.787 and pullback for a retest or possible HL formation before looking to go long.
I see all JPY pairs moving up so watch them closely. Make sure you wait for price to violate structure.
I see all JPY pairs moving up so watch them closely. Make sure you wait for price to violate structure.
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.