EUR/JPY continuation of DOWNTREND
EUR/JPY is on a clear downtrend, the price is right now near a strong resistance level.
We have a double scenario, the price can fall from 120 price level (at a weak resistance), or keep rising to 121 and then fall to support at 115 .
Next week is the first week of the month and we have a lot of economic data realeased which will strongly affect the market.
This is only a technical analysis.
We have a double scenario, the price can fall from 120 price level (at a weak resistance), or keep rising to 121 and then fall to support at 115 .
Next week is the first week of the month and we have a lot of economic data realeased which will strongly affect the market.
This is only a technical analysis.
Note
EUR/JPY took a weird path in the last weeks, now we are back on track. Still short on this pair
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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.