EURJPY broke back into a range that was established back in early-mid August.
Price action surged to the 200ema last week and sharply rejected, closing at the 61.8% fib level at 118.200.
Lower timeframe support has been broken but we are not yet convinced. Looking for a confirmed break of the lower support level in this range. A strong bearish signal crossing the MA’s and closing below the gray zone at 117.650 will be confirmation to short.
Looking to target the 116.000-115.850
Price action surged to the 200ema last week and sharply rejected, closing at the 61.8% fib level at 118.200.
Lower timeframe support has been broken but we are not yet convinced. Looking for a confirmed break of the lower support level in this range. A strong bearish signal crossing the MA’s and closing below the gray zone at 117.650 will be confirmation to short.
Looking to target the 116.000-115.850
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.