EURJPY: Very Risky Setup
EURJPY had a strong upward push over the weekend created by the Japanese Election result.
The pair now looks overbought considering it gained almost 320 pips in a single day. It is possible that EURJPY could face a correction soon.
If the price fails to hold current levels, we could see a pullback towards 175.00, followed by 174.10, and possibly a deeper drop towards 173.30, the main support area.
The structure suggests downside potential in the short term; however, caution is required.
📉 Key Targets:
175.00
174.10
173.30
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURJPY had a strong upward push over the weekend created by the Japanese Election result.
The pair now looks overbought considering it gained almost 320 pips in a single day. It is possible that EURJPY could face a correction soon.
If the price fails to hold current levels, we could see a pullback towards 175.00, followed by 174.10, and possibly a deeper drop towards 173.30, the main support area.
The structure suggests downside potential in the short term; however, caution is required.
📉 Key Targets:
175.00
174.10
173.30
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.