DanHforex
Short

EURJPY - Short Trade

FX:EURJPY   Euro Fx/Japanese Yen
65 0 0
There is a potential short trade to be offered by EURJPY             .

Price is in an overall downtrend and in a weekly Fibonacci pattern. Having retraced to the 61% resistance price continually rejected resistance and failed to move above in a bullish manner. The pair is now close to completing the move at the 0% support of 126.30. Assuming price breaks below this level with a bearish daily close, then I will be seeking short trades to the -27% Fib extension of around 120.00.

There are a number of fundamental news releases which could impact this pair during the course of this week so I will be trading with added caution.
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