-Due to weaker DXY, JPY dominated the last few days, price have dropped significantly, however. expecting bullish pattern to occur on DXY and that will help JPY pairs to fill up the liquidity voided area.
-As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that region and just continue the bullish momentum from today's close.
-Long term view on EURJPY is bearish, in our opinion price have significantly shown bullish impulse and has taken price to an extreme and exhausted level, longer term it should come down to 130.
-What you all think?
-As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that region and just continue the bullish momentum from today's close.
-Long term view on EURJPY is bearish, in our opinion price have significantly shown bullish impulse and has taken price to an extreme and exhausted level, longer term it should come down to 130.
-What you all think?
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