I believe that price action for rest of August & into early September will be bearish with EURJPY pair. Last 3 hour red candlestick was a bearish pin bar. Price action now, per RSI is in a overbought area, which means to many buyers & not enough sellers. This situation will balance next week and bears will take over control of this pair.
The highs for this month have been in between 114.000 to a low of 112.300 around. Lower trades, will be looking to bears and continue to trade this yellow SWING trade area inside of box, until this is broken to upside or downside.
The highs for this month have been in between 114.000 to a low of 112.300 around. Lower trades, will be looking to bears and continue to trade this yellow SWING trade area inside of box, until this is broken to upside or downside.