Looking to see further downside on EURJPY here if price can hold the Fib Retracement region @ 61.8%.
We have seen price break the trendline and bounce off our Monthly Support Key Level @ 128.000 to form a pullback. There is now opportunity to take a Short Position after we have seen the markets retest the trendline forming some indecisive candlesticks sitting on the Weekly Mid Range Level.
I have 2 Targets for this Set Up:
Target 1: 127.000
Target 2: 126.000
We have seen price break the trendline and bounce off our Monthly Support Key Level @ 128.000 to form a pullback. There is now opportunity to take a Short Position after we have seen the markets retest the trendline forming some indecisive candlesticks sitting on the Weekly Mid Range Level.
I have 2 Targets for this Set Up:
Target 1: 127.000
Target 2: 126.000