EUR/JPY Hourly trade setup

FX:EURJPY   Euro / Japanese Yen
973 2 24
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!
Great call, it looks like we are heading to retest that major support,
+3 Reply
great job!
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