FullTimeTrader

EURJPY-bearish shark at key resistance area

Short
FX:EURJPY   Euro / Japanese Yen
8
This pair is bouncing from a strong resistance area visible at W1 chart.

We can see a bearish shark already completed. The price reacted well to the PRZ forming an engulfing bearish candle.

Some other confluence reasons.

- bouncing on D1 EMA 200
- long term trendline support
- long term horizontal resistance
- round level 1.35000 near the PRZ
- double bollinger correction (not shown)
- engulfing bearish candle
- bearish shark

Best regards

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