EUR/JPY - TWIN REJECTION FROM THE 124.00 RESISTANCE LEVEL (MONTHLY)
38.2% FIB RETRACEMENT - WITH A TOP DOWN BEARISH BIAS.
RISK REWARD MAKES SENSE. FURTHER DOWNSIDE EXPECTED: 122.80 TARGET.
120.00 FURTHER FORWARD POTENTIAL.
#EURJPY Bat Pattern Long #Forex #Trade Idea
It is a little late but I will look for a retest of the zone in red to have better R/R ratio. That is where the real demand is.
1. Bat Pattern
2. RSI Oversold
3. Targets: Usual 38.2 and 61.8 Fib levels