WEEKLY ANALYSIS EURJPY SHORT SETUP!! BREAK OF A CHANNEL!!
Good day trader, I hope you have a great day ahead and start off your day with a good trade!
Start off with EURJPY, as shown on the chart above, you can see a break of an upward channel. Therefore, bear is most likely to take place and before a strong bearish movement, a correction is expected to take place.
We will be looking for sell opportunity at 50% and 61.8% fibonacci retracement zone. A push to -27.2% is most likely to happen if price reject EMA 55.
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