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EURJPY 4hour Analysis November 22nd, 2020

Short
Euro / Yen Japonais (FX:EURJPY)  
ForexLeague  
FX:EURJPY   Euro / Yen Japonais
Trend Analysis Chart Patterns Technical Indicators Forex forexleague forexsignals priceaction EURJPY EUR jpy Technical Analysis
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EURJPY Short Idea

Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish

Trade scenario 1: Look to enter short after price action breaks our 4hour support at 123.000. Ideally a strong break and retest would be enough to enter. Target lower toward key support around 122.250.

Trade scenario 2: If price action goes bullish look to enter only on higher low opportunities after a key level of resistance was broken. Target higher toward our daily level around 124.700.
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