VasilyPonomarev
Short

EURJPY May Retrace! Here is WHY:

OANDA:EURJPY   Euro / Japanese Yen

EURJPY reached a key weekly structure resistance .

this key level matches perfectly with a resistance line of a rising channel on a daily.

once the market touched this line, we see a strong bearish reaction and bearish engulfing candle formation on 4h.

based on that I believe that the price may drop even lower.

goal - 125.6

good luck

Comments

Hmm... am seeing current bullish trend will reach 129-130 level...
Let's see how market moves...

Cheers!
Reply
@Pu-Ta-O, thank you for comment my friend!
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Great Man ! You are very great too ! :)
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@pring2751, thanks a lot!!!
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GREAT ANALYSIS,GOOD LUCK
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@narjes, thank you ☺️
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Do you agree with me?
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Dbatley VasilyPonomarev
@VasilyPonomarev, perfect analysis - look at it dropping off the side off of a cliff! Thank you! :)
Reply
@Dbatley, you are welcome bro!
Reply
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