EURJPY Short
We had a massive selloff on this pair on Thursday after the ECB's dovish statements. Bulls have since attempted a relief rally but the upside is capped by the 20MAV on the Daily timeframe at 128.55
As can be seen above on the hourly timeframe, the pair has formed a nice bear flag that should break downwards fairly soon. With trade war tensions on the rise once more, the Yen looks to strengthen on risk aversion.
As can be seen above on the hourly timeframe, the pair has formed a nice bear flag that should break downwards fairly soon. With trade war tensions on the rise once more, the Yen looks to strengthen on risk aversion.
Trade active
Breakdown has begun125 is on the way
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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.