Razvan
Long

EURJPY - False H&S Breakout

FX:EURJPY   Euro Fx/Japanese Yen
Hello there :) long time no see!
I have noticed this interesting H&S on EURJPY             which was confirmed. I don't think that the full target will be hit soon. If the price will break 148.15 I believe it will rally back towards 148.80 or higher in no time. The Japanese yen             is falling, I see no reasons for it to gain in this period.
hi razvan, nice to meet you. What do you think on USDJPY? Is there a possible bounce for it at this time around 119.7 to 120 and above?
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Razvan Sam0101
Hey there. It is pretty clear that the trend is up. Only a break under 119 could signal a bigger correction. In current conditions there is only up, from my point of view :)
+1 Reply
welcome back
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Wow! This pair is moving based on your drawing :) Good analyze and welcome back!
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