EURJPY: Classic Structure Short

Short

Euro / Japanese Yen (OANDA:EURJPY)

Updated

OANDA:EURJPY Euro / Japanese Yen

Support and Resistance Supply and Demand Double Top or Bottom euro yen japaneseyen EUR jpy EURJPY forecast fx Currencies

supportandresistance supplyanddemand doubletoporbottom euro yen japaneseyen eur jpy eurjpy forecast fx currencies

snapshot

EURJPY is testing a strong 4H structure resistance.

Yesterday the price perfectly stoped on the underlined level and was nicely rejected.

This morning, the price has completed a double top formation.

It is a strong confirmation signal and now bearish move is expected.

Good luck!

Trade closed: target reached:

nice drop to first target

Comment:

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