O_Fx

EJ Bear is coming

Short
OANDA:EURJPY   Euro / Japanese Yen
EJ has been extended for many days, with an overbought RSI across many time frames. Price has bounced a little bit on the weekly supply zone, and broke the trend on the 1H timeframe, indicating a bullish move. I anticipate 100 to 200 pips retracement of this pair.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.