lebanonforex

eurjpy correcion then big move up

Short
FX:EURJPY   Euro / Japanese Yen
eurjpy is bearish in short term it will start a correction from actual resistance at 136.80 + stochastic is over bought on h1 an h4
i think next target will be at level 1 of 0.23% = 134.40 fibonacci and level 2 at 38% fibonacci at 132.50
then i expect a bigger move up to 149.60 level

this setup will be invalidated if at 137.55 is broken wich mean a new high

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.