Marenno
Short

EURJPY Short term intraday review of current situation

FX:EURJPY   Euro Fx/Japanese Yen

On a 1H chart we have a bearish chart pattern

Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down

Currently I would not recommend to place new trades
If you have opened positions in a current direction, then you can leave it open for now
I would recommend to leave Breakeven stop loss.

"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.

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