EURJPY Market Analysis
EURJPY previously spiked all the way towards 144.20, then faced some opposition plummeted to 142.40.
Be aware that market is currently in a high volatility environment, while the potential increased, risk too.
For now I will be observing how price reacts around the low at 142.38 minor support structure.
If price at any point find strong momentum pushing upwards, I will then use the Fibonacci tool to spot discounts/ better value zone at the 0.5 & 0.618 levels.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Be aware that market is currently in a high volatility environment, while the potential increased, risk too.
For now I will be observing how price reacts around the low at 142.38 minor support structure.
If price at any point find strong momentum pushing upwards, I will then use the Fibonacci tool to spot discounts/ better value zone at the 0.5 & 0.618 levels.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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