EUR/JPY Hourly trade setup

FX:EURJPY   Euro / Japanese Yen
Hi traders!
Our last EUR/JPY post was a weekly FIB setup. 149 + 149.50 was achieved. We were expecting 153 on EUR/JPY but 150 acted as a strong barrier after
the huge up move from 136.00!

When the market changes we must adapt as a trader. Now we are adapting to what this pair is currently communicating through recent price action.

The next downside key level is 138.00- 138.70. The hourly chart displays a series of lower highs and we are expecting a further dive to create a new lower low.

Potential 100-150 PIPS downside on this pair, if achieved will be analysing longer term momentum at the end of the week!


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