The price has reached our past target. At the same time, it did not begin to fall to support, but immediately rose to the resistance of 131.45. The new target is the fall. The reasons for the fall in the price of this pair: 1 - false breakout of the resistance at 131.45 (the price has already returned to the line). 2 - strong resistance in July 2019 (border of an uptrend) without any breakout. 3 - the end of the growth, which has been from the beginning of January from the lower support of the channel 125.64. Target - 127.98
-------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
too me i dont see that as a false break, based on correlation with eurusd.. eujpy is waiting for eurusd to arrive that the nearest support before going long together.. before this Wednesday evening they all ganna be long including gbpusd.. till friday.. its a correlation strategy n timing.. its kind of a holy grail, lol..😂 am long on eurjpy nxt support at 133.00
andrushaandr
⋅
how interesting, that is, you think that EURJPY from 131.95400 today fall?
DeGRAM
⋅
@andrushaandr, The reasons for the fall are in my forecast.
stoko29
⋅
We share the same outcome but completely different TA, i'm bearish on most yen pairs this week. Nice charts though, very unique style i like it.