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Khiwe
Apr 18, 2024 10:08 AM

EURJPY| Bearish Momentum Expected Below 164.700 Short

EUR/JPYOANDA

Description

Good day,

EURJPY has the potential to pulse up and drop at the H1, and bearish interest is more below this level (164.710).

The price movement followed the ABC price sequence with the H-L-HH SND pattern, and with the waves maxing out, a drop is possible to go below the lower low.

The bias is 163.713 to the low of 164.700, with two potential price targets. And the further drop is at 161.971

Happy Trading,
K

Trade closed: target reached

Comments
EdmondNg1
Great catch btw
JoeChampion
I agree, i think JPY will outperform EURO especially for the fact that JPY is a safe haven asset in this time of war!
EdmondNg1
Reversibly the other way around!
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