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declanwright

EUR JPY bearish cypher Retest

Euro / Japanese Yen (OANDA:EURJPY)  
declanwright  
OANDA:EURJPY   Euro / Japanese Yen
Harmonic Patterns
1
0
harmonicpatterns
So the bearish cypher has completed on the 4H chart on this pair, dropped and is now retesting the PRZ which it previously reversed if resistance holds strong this could signal a stronger downwards movement. RSI is quite high and could signal a reversal anytime from now but we shall wait and see.
TP 1 0.382 retrace
TP 2 0.618 retrace
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