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Euro / Japanese Yen

ej

By 3nchev
Updated
price action around/below 123 mark , possible break of trendline will lead lower to 121 and beyond !!! Need time and more bars to occur before choosing direction . Wait

Momentum to occur
Note
Price broke above 123 mark , STRONG , rejected 125 pips which is 200 pips away from that current break above 123

NOW - Found support twice at 124 levels
Strong current 4h candle , will tell after an initial 4h close . It may lead higher beyond 125 or further around 125.5 - 126.0

TIME

Not the right trade to choose out of so many opportunities that are presented to you in the markets every day !!!
Note
OR it can break down testing 123 once again , forming DOUBLE BOTTOM (Support) and then bounce higher above 125 mark .

OR it can go to 123 , break that and go below it , forming new lows overall
Note
Indecision last 24 hours , TIME
Note
123
Trend Analysis
3nchev

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