LuanNunes

Expectation for the future

FX:EURJPY   Euro / Japanese Yen
The EURJPY in support test at the 131,300 level is in a devaluation movement of EURO against the YEN, which makes it interesting to wait for a correction between the fibo levels, preferably between 38% / 50% region of greater reliability towards the sale of the pair.

In a long-term view defined pair correction, we can visualize future points of low confluence between the levels:
134,300
131,300
128,000

Observing that the idea does not necessarily correspond to this order but rather an idea for a low movement that can be confirmed in my humble opinion with the correction of the movement soon the break of the 131,300 level.
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.