TomHall

EUR/JPY DAILY OUTLOOK

FX:EURJPY   Euro Fx/Japanese Yen
733 11 15
Here on the Daily chart of EUR/JPY             we have a potential short position setup into next week.

The green box indicates the previous structure resistance .
With this being a strong resistance area we feel this should act and hold as strong structure to potentially get short on this pair, taking a number of Fibonacci's to indicate potential targets and support levels.

The candle formations are more visible on the 4h and 1h charts, however the previous structure is less viable hence the daily chart .

Good luck.
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Approaching target 1 at 133.87 at which point, half of my position will be taken off.
Reply
marcus123 TomHall
nice bit of initial analysis!
+1 Reply
TomHall TOP marcus123
Thanks very much, approaching target 1 nicely.
Reply
Hm, that looks good, your PRZ was strongly rejected on Monday (D1 Candle).....
+1 Reply
TomHall TOP P_Parker
There seems to be a little bit of indecision however we could easily get another test of the PRZ.
Reply
TomHall TOP Yahia.Awes
Very nice chart!
Best of luck.
+1 Reply
Novan_FR Yahia.Awes
Very nice chart!
Best of luck.
+1 Reply
TomHall TOP Novan_FR
Thanks very much.
Reply
very nice . . . see n wait price action :)
+1 Reply
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