Major Structural Break on the Daily TF, More vividly seen on the 4Hr and 1Hr hence giving us a confirmation that we may be having price shift to the downside as a price correction since over all trend on the weekly and monthly is Bullish.
Expecting the price retacement to move down over 400 pips (basing on this analysis) next to the significant Base on the weekly...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (126.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
EURJPY has dropped over 300 pips to the downside I am expecting bullish back to the upside we will go long with 62 pip stop loss and about over 200-300 pip target..!
