vlad.adrian
Short

EurJpy - Possible correction

FX:EURJPY   Euro / Japanese Yen
242 1 1
This pair has run up again to a strong sell zone (also the top of a rising wedge ). The MACD and AO are starting to show divergences, but as highlighted, there is no confirmation yet.

134.500 is a huge support from the weekly chart dating back a few years, while 135.300 is more of a daily resistance, but you can see it also on the weekly chart.

Today we have a hanging man , a reverseal pattern.

Target of the correction is around 131 - 132.
the Euro is really strong, position closed.
i'm now waiting for a retracement to enter long
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