EURJPY Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
The X’s represent failed breaks of support & resistance levels which helps highlight a high volume range.
Trade scenario 1: We’re seeing some mixed signals here on EJ so we’re staying with a neutral outlook into the week.
The most likely scenario is that price action reverses at resistance around 130.000 and heads lower toward support around 128.900.
Trade scenario 2: If we’re to consider EJ bullish we would need to see a confirmed higher low above 130.000 with bullish setups to follow.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
The X’s represent failed breaks of support & resistance levels which helps highlight a high volume range.
Trade scenario 1: We’re seeing some mixed signals here on EJ so we’re staying with a neutral outlook into the week.
The most likely scenario is that price action reverses at resistance around 130.000 and heads lower toward support around 128.900.
Trade scenario 2: If we’re to consider EJ bullish we would need to see a confirmed higher low above 130.000 with bullish setups to follow.