EUR/JPY broke trough support, expecting continues bearish movement this week. Focus Time Frame: 4H/1H Market Condition 1D Short Term: Downtrend 1D Long Term: Uptrend
- I am expecting a minor exhaustion on this pair to retest former resistance level, making it a support. - Looking for price action confirmation e.g. a bullish engulfing candle before entering long - Long till 4Hr Zone
We believe that the price will zig zag between 119.90 and 121.20 and than fall
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron