EURJPY: TECHNICAL ANALYSIS (Part II)

Honestly set a setup within hours of the BoJ's decision we do not like, but for those who be able to follow the event in real time, it might be useful this analysis (or use it as educational).
Possible BEARISH ENGULFING in formation with a minimum target around 125.30, the support area is between 124.67 and 124.00. If we follow the analysis on published yesterday, for tomorrow so we need to see a daily close above 125.00, if that happens, the technical approach of the pair will remain bullish and then we will have to watch as the first target 128.80 and 132.00 after. Under "point C" ABCD pattern it will be canceled. As mentioned above, this trade presents a high risk, so do not advise to follow it if you are not particularly prepared to handle it. Conversely, you can wait and see what will happen, and decide later, ... sometimes the best trade is the one to "not" to do ... :)

MONEY MANAGEMENT: Set your size with 1.0% max. loss (asset)

DAILY WAVE ANALYSIS

WEEKLY ANALYSIS

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