EURJPY Short idea
EURJPY has been on the rise since early Thursday morning.
Over a higher time frame i have noticed a down trend.
With this in mind along side support and demand zones i think that EURJPY can slowly work its way down again to the 138 level possibly this week commencing.
After this move it may try to break back up and start an up trend as we have not been able to replicate the lows of 137.4.
Trying to be as simple as possible with my outlook for this, will be keeping a close eye on EURJPY to see how it plays out for sure.
Feedback highly appreciated!
All the best
Over a higher time frame i have noticed a down trend.
With this in mind along side support and demand zones i think that EURJPY can slowly work its way down again to the 138 level possibly this week commencing.
After this move it may try to break back up and start an up trend as we have not been able to replicate the lows of 137.4.
Trying to be as simple as possible with my outlook for this, will be keeping a close eye on EURJPY to see how it plays out for sure.
Feedback highly appreciated!
All the best
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