EURJPY still have potential for the pullback to continue to 50%
JPY made a strong start yesterday night moving all related pairs, and the Euro is not the exception. Price will most likely continue to drop to the 4h 50% Fib line @ about 129.62 (you can probably have a short entry on 30 min chart at the resistance between 130.10 and 130.00 with TP @ about 129.65 ) Once it reaches this level, the 4h 50% retracement might be completed and trend continuation to the upside might begin again.
Wait to see how the market reacts at 50% level as market makers will most likely manipulate the zone to create liquidity and stop you out. God Bless!
Wait to see how the market reacts at 50% level as market makers will most likely manipulate the zone to create liquidity and stop you out. God Bless!
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