WengJeff

EURJPY Pullback on Daily

FX:EURJPY   Euro / Japanese Yen
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As EURJPY showing strong bullish momentum, D1 chart show a shooting star appear. What I expected is the price may pull back till 118.00. Weekly showing spinning top candlestick . Huge pressure at 122.00.

EURJPY had been going bullish for past few week. It's maybe time for a pull back now. If the price really go my favour, I may short the pair. But still it all depend on the market.

Have a nice day!
Dec 10
Comment:
EURJPY Daily close with a shooting star formation.
Weekly chart showed spinning top and it failed to break 122.00. I expecting the price to go short on 120.00 or even 118.00
Dec 10
Comment:
H4 chart. it may failed to create HH and break 122.00
Price may finish it pull back on 122.00 and start to decline till 120.00

Let see how it goes. Enjoy your weekend.
Dec 12
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