EURJPY 3 Scenarios: 2 Bearish, 1 Bullish
EURJPY is stuck but there are possibilities
1. A break and retest to continue downside action.
2. A retest of monthly resistance 127 to move down.
3. Huge bullish push that may not have been anticipated. Very slim chance/scenario.
I think #1 and #2 are most plausible, just looking at it from all angles.
(this is for personal learning purposes, not an expert or professional)
1. A break and retest to continue downside action.
2. A retest of monthly resistance 127 to move down.
3. Huge bullish push that may not have been anticipated. Very slim chance/scenario.
I think #1 and #2 are most plausible, just looking at it from all angles.
(this is for personal learning purposes, not an expert or professional)
Comment:
Today EURJPY broke out and will open up at a gap at 124.600s.... its a support. 124.500 is more ideal but we will see.