HomeContributorsTechnical AnalysisEUR/JPY Continuation Only Below 127.60

EUR/JPY Continuation Only Below 127.60

The EUR/JPY has formed a bearish range that we can clearly see on the chart. However the price is bearish and each rally has been effectively sold. 128.30-55 in the POC zone and we might see another rejection should the price retrace. However only below W L4 / -2/8 MM and Camarilla confluence we will see a continuation towards 127.00. For that to happen a 4h needs to close below 127.60.

admiral
admiralhttps://www.elitecurrensea.com/
Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

Featured Analysis

Learn Forex Trading