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Euro / Japanese Yen

EURJPY: SELL

By ifanwar
Updated
EURJPY pair is following a bearish trend on 4 hourly chart with lower highs and lower lows. Now closing below weekly and daily supports on 1 hourly and 4 hourly charts confirms continuation of Trend. My call is SELL.
Note
Second technical target price can be at another weekly support at 126.665 by applying ABCD pattern.
Note
A bullish Inverted Hammer is formed on daily chart. A rebound from here or from support at 127.125 may allow us to reenter around daily resistance at 128.025 with a Short Sell call. Trend is bearish with lower highs and lower lows on both daily and 4 hourly charts.
Trend Analysis
ifanwar
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