EURJPY Deep Reversal below 130.72
Price traded above 130.87, this area is vulnerable to a quick slide. A momentum break to the upside is required if price is to continue higher, what we have seen here is the opposite, there has been no follow through in price to the upside.
We expect price to decline below the close of yesterday towards 129.98, this area will encounter support, if price manage to escape this area lower we will expect to trade towards the 127.87.
Short below 130.72
Stop Loss: 131.15
Target 1: 129.98
Target 2: 127.87
We expect price to decline below the close of yesterday towards 129.98, this area will encounter support, if price manage to escape this area lower we will expect to trade towards the 127.87.
Short below 130.72
Stop Loss: 131.15
Target 1: 129.98
Target 2: 127.87
Trade active:
Price below 130.72