For the past 2 weeks EURJPY have been selling which have completed the theory of Charles Dow, on that note we are still going to have a bearish outlook. On a Daily bias, I discovered that the trend that occurred on Tuesday was just a failure swing, Wednesday swing went further to take out the previous high as a liquidity, and gave a BMS from Tuesday's low @156.486.
Looking at the current swing in this period, a previous low has been broken which has given us the opportunity to look out for a sell. @155.365, we are anticipating a pullback to sell till New-York close
Looking at the current swing in this period, a previous low has been broken which has given us the opportunity to look out for a sell. @155.365, we are anticipating a pullback to sell till New-York close
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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.