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PA-FX

EURJPY possible reversal at a good PRZ level

Short
Euro / Japanese Yen (FX:EURJPY)  
PA-FX Updated   
FX:EURJPY   Euro / Japanese Yen
EURJPY eurjpyshort
21
7
eurjpy eurjpyshort
EURJPY getting closer to an important area. A retest of broken structure and the daily 200 MA, at that same level we have also a 0,38 fib level as confluence. Gonna watch the 117,5-118 level and looking for bearish evidence for a short.
Comment:
We see already some weakness in the up trend. Here is a scenario for possible entry for a short signal for the more conservative of you.

snapshot
Comment:
So far so good and H&S as expected.

snapshot
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