Euro / Yen JaponaisShort
EURJPY - Short Trade
There is a potential short trade to be offered by EURJPY.
Price is in an overall downtrend and in a weekly Fibonacci pattern. Having retraced to the 61% resistance price continually rejected resistance and failed to move above in a bullish manner. The pair is now close to completing the move at the 0% support of 126.30. Assuming price breaks below this level with a bearish daily close, then I will be seeking short trades to the -27% Fib extension of around 120.00.
There are a number of fundamental news releases which could impact this pair during the course of this week so I will be trading with added caution.
Price is in an overall downtrend and in a weekly Fibonacci pattern. Having retraced to the 61% resistance price continually rejected resistance and failed to move above in a bullish manner. The pair is now close to completing the move at the 0% support of 126.30. Assuming price breaks below this level with a bearish daily close, then I will be seeking short trades to the -27% Fib extension of around 120.00.
There are a number of fundamental news releases which could impact this pair during the course of this week so I will be trading with added caution.
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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.