EURJPY is close to entering a supply zone. The average daily and monthly range high is around 132.650, this should limit further upside for the rest of the month. A bearish harmonic formed, which should correct at least to the former resistance (break-out) line. First target 132.00, then I expect to consume the bullish spike on the 3rd of Feb.
Commentaire:
Correction: Weekly high should be monthly on the chart