EURJPY SELL

EURJPY

Bearish Reversal
Preference:
The currency pair in question is establishing a sturdy support level at the price point of 150.879. In the event of a rebound at this level, an entry point of 161.212 is being considered for this setup. However, should the price move without retesting this entry, a break and retest strategy will be employed prior to taking any action.

Alternative Scenario:
In order to see a turnaround on this particular trade setup, it is imperative that a break of the 161.582 level is observed, followed by a price close that surpasses it. It is important to note that this strategy requires a keen eye for detail and a thorough understanding of the market dynamics. Hence, it is recommended that this approach only be employed by seasoned professionals with a proven track record of success in the field.