theforexportal

EURJPY has hit resistance and is heading down

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY has hit trend line resistance at 122.76 and is headed south.
A likely target would be the lower trend line at 119 area.
The TDI on all the higher frames suggest weakness and with the RSI on the DTF very BEARISH. I expect this pair to lose ground in the forthcoming trading week.
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.