EURJPY
The pair is currently looking like it is forming the Head and shoulders pattern on one hour chart. The level
is also a 61.80% Fibo retracement level. We can anticipate a short position from there towards 133.000 price zone
which offers major support. Another point to cement my bias on short position is that if you look to the left, you will notice a huge
wall of bearing candle formation which indicate a major supply area dating back to January 8, 2017 where sellers are placed.
This is not a trading advice.
The pair is currently looking like it is forming the Head and shoulders pattern on one hour chart. The level
is also a 61.80% Fibo retracement level. We can anticipate a short position from there towards 133.000 price zone
which offers major support. Another point to cement my bias on short position is that if you look to the left, you will notice a huge
wall of bearing candle formation which indicate a major supply area dating back to January 8, 2017 where sellers are placed.
This is not a trading advice.