Support and resistance line hit at around 138.800. on one day time frame formation of a hanging man. on the RSI indicator an oversold position its still active which may suggests a reversal pattern to around 135.500.
G'day Trader
Today our analysis will be EURJPY currency pair. Based on the weekly timeframe, we going to see some huge correction before this pair continue the downtrend rally.
We might approach a 124.733 price tag target before re-analyst future market movement. Personally, I am gonna open a long position with manageable stop loss and target at 129.500...
