EURJPY - Sellers Defending Previous High?
Hi Traders, yesterday during the mid New York session, I talked about some potential selling opportunity as EURJPY was re-visiting the previous high around 143 - 144.
As price showed some rejection and respected the previous high, I do expect some short-term selling pressure to step in.
How far can price goes? I don't have a specific answer to that mainly because the selling pressure is still under the development phase.
To confirm a mid to long-term Bearish reversal, we'll need to observe further.
If you enjoy the content, make sure you follow my profile and click the like button.
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.
As price showed some rejection and respected the previous high, I do expect some short-term selling pressure to step in.
How far can price goes? I don't have a specific answer to that mainly because the selling pressure is still under the development phase.
To confirm a mid to long-term Bearish reversal, we'll need to observe further.
If you enjoy the content, make sure you follow my profile and click the like button.
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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