EURJPY📊could be one to watch over the coming weeks.
That’s especially true if we see the euro continue to weaken.
I’m mostly interested in an eventual close below ascending channel support, which comes in near 121.00.
Such a break would expose lower levels including 119.30
For the week ahead, the 122.90 region could continue to attract sellers.
However, I’m not interested in selling up here without some type of bearish signal, such as a pin bar or engulfing candle.
That’s especially true if we see the euro continue to weaken.
I’m mostly interested in an eventual close below ascending channel support, which comes in near 121.00.
Such a break would expose lower levels including 119.30
For the week ahead, the 122.90 region could continue to attract sellers.
However, I’m not interested in selling up here without some type of bearish signal, such as a pin bar or engulfing candle.