EURJPY currently at support 116.00

EURJPY seems to be support at this level 116.00
There does not seem like a clear direction for this pair at this point of time.

Taking the queue from EURUSD (bearish bias), I would think that there could be more downside for this pair.

Trade execution
Let the charts show us if 116.00 support can hold.
I have a neutral bias for this pair

Komentarz:

Price just continued to go down below the support zone that I marked out (116.00/30). Now I would consider this zone as an SAR (support turned resistance)

Next I would be looking for price to retrace back to the zone to go short.
Target for this downside could be up to 113.90
(see my next post to understand why 113.90)

Anulowano zlecenie:

No trade based on this post.