EURJPY could see a downside momentum this week.
Price seemingly trying to break the counter trendline and current support level which also is in alignment with the fib level (38.2%). A break below that level could see price plummet to the 132.207 area.
Both EMAs looking to crossover in the daily/4hrs tf. On break of those levels, look for trigger signals for entering like pin bars, outside bars... in the 2hrs or 1hr tf.
Price seemingly trying to break the counter trendline and current support level which also is in alignment with the fib level (38.2%). A break below that level could see price plummet to the 132.207 area.
Both EMAs looking to crossover in the daily/4hrs tf. On break of those levels, look for trigger signals for entering like pin bars, outside bars... in the 2hrs or 1hr tf.