EURJPY: A Large Corrective Pattern in Development
The EURJPY currency pair recently encountered a significant resistance zone from above. Historically, the price has repeatedly declined after testing this dynamic zone, increasing the likelihood of another bearish movement.
Adding to the downward pressure is the Bank of Japan's (BOJ) influence. The BOJ's recent comments have created uncertainty and are driving down the value of currencies, including the yen.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The EURJPY currency pair recently encountered a significant resistance zone from above. Historically, the price has repeatedly declined after testing this dynamic zone, increasing the likelihood of another bearish movement.
Adding to the downward pressure is the Bank of Japan's (BOJ) influence. The BOJ's recent comments have created uncertainty and are driving down the value of currencies, including the yen.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.