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FTUKcom
May 20, 2022 9:42 AM

EUR/JPY downside leg looking prominent... 

Euro Fx/Japanese YenFXCM

Description

After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline.

We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
Comments
JoeChampion
Great insight, JPY will definitely start recovering. I would love to buy JPY against GBP too as well!
TopTradingSignals
I have the same bias bro!
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