EUR/JPY:DOWNTREND|FIBO PULLBACK|PRICE ACTION+NEXT TARGET|SHORT🔔

8 בספט׳ 2021

The correlation between EUR/USD and EUR/JPY is high +75 points, as we can see from the chart, we are in a bearish trend within a bearish channel. The price bounced 2 times on the fibonacci level 61.8% using it as a dynamic resistance, in addition to this, the price used the channel trendline always as a resistance. Now the price is below the average 200 sma, we expect a short impulse.

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