FollowMyTrades
Short

EUR/JPY Short potential

FX_IDC:EURJPY   EURO / YEN
So after a nose dive in December for the EURJPY             it has seen a pull back over the last couple of weeks. We have this ascending channel formed, however, it is starting to approach two major points of resistance. The first is the 200 EMA where I anticpate a rejection, also the 137.500 level which is the previous swing high. I'm going to look for a PA rejection at these levels for an entry and possibly a break to the downside through the 20 & 50 EMA.

If price breaches the last swing high my bias will change to Bullish .
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out