andrefx24

Eurjpy we are going down

Short
FX:EURJPY   Euro / Japanese Yen
The area for possible shorts is also a 61.8 fib retracement. Picture explains everything. We have a nice rejection (on trendnline as well) on the last weekly candle too and bearish engulfing on the daily. We need to retrace to 130.500 to find support. New downtrend structure on 1H - 4H

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.