Update: EURJPY Retracement Movement Could Happen Soon!!!!
After days of consolidation, today's candle has clearly show us that EURJPY resistance is holding strongly without any form of breakout to the upside. Instead, today's candle show us a shooting star candlestick pattern. We can see a possible BEARISH retracement to 61.8% - 78.6% fib level. There is also a strong support at 124.72 price level which will be where 78.6% fib level lies. However, having said that, wick fill might occur so be smart when placing your SL.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.