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JJeffery817
Mar 6, 2019 5:33 AM

EURJPY 03/05/19 

EUR/JPYOANDA

Description

- Daily
Price closed with a small bearish candle. Everything is still above the cloud signaling bullish momentum. We could see a reversal soon.

- 4H
Price has come to rest near 78.6 This could be where we see price reverse back to the upside. It's no guarantee since we see price falling back inside the channel.

- 1H
We can see a strong rejection off of 78.6. This could be the start of the uptrend back to the top, or hit the channel (or Kijun) and head back to the bottom.
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