EURJPY ANALYSIS
Hi guys, just a quick update for the EURJPY pair.
Price has taken a bearish move to the downside and has now encountered strong support and has started to develop a rejection wick on the daily.
Potential for a short term move to the upside until price reaches the resistance structure, this would offer a clean rejection at the 0.618 FIB level and then potential further bearish momentum to the downside which is likely due to JPY being a safe haven in the current financial crisis.
Price has taken a bearish move to the downside and has now encountered strong support and has started to develop a rejection wick on the daily.
Potential for a short term move to the upside until price reaches the resistance structure, this would offer a clean rejection at the 0.618 FIB level and then potential further bearish momentum to the downside which is likely due to JPY being a safe haven in the current financial crisis.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.