Smartwomanyaz_

EURJPY Bearish

Short
FX:EURJPY   Euro / Japanese Yen
Since around January 2018 EURJPY has been strongly bearish. Recently price had retraced around 122.850 area and on 38.2 fib level. Being as though price hit 38.2 that lets us know that the downtrend is still quite strong. Price is finished retracing and currently remaining in its bearish move. This is my technical analysis coming from the weekly chart. Please like if you agree or comment with any questions/ input.
First TP : 119 area
Second TP : 115 area
Third TP : 111 area


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.