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TheRavensForex

EURJPY Sell - exhausted after NFP, expecting retracement to fill

Short
Euro / Japanese Yen (FX:EURJPY)  
TheRavensForex Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
14
7
trendanalysis chartpattern waveanalysis
EURJPY experienced a bounce to the monthly high following the release of the recent Non-Farm Payroll (NFP) news. However, the upward momentum appears to be waning and a pullback or retracement to fill the price gap is expected to occur soon. The first target for this downward movement is the 141.5 level. It is possible that the pair may continue to drop even further, potentially reaching 140.585 or lower.
Trade closed manually:
Closed with profit.
Trade active:
reentered.
Trade closed manually:
Closed at the entry, we will see later.
Trade active:
I will reenter it if the price breaks the line.
snapshot
Comment:
Yesterday I reentered and got stop out, I will wait for another entry today:
snapshot
Comment:
Thank you guys for your support:
snapshot
Trade closed: target reached:
Closed with the whole profit :)
Comment:
Related post:
CADJPY Sell - bearish trend with major rejection zone
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