EURJPY – SHORT – 4 HOUR CHART


SEE PICS BELOW!
DAILY CHART
– short term pullback (overall trend is a downtrend)
– price currently consolidating between monthly and daily levels (red and black lines)
– daily candle closed with a rejection candle
– daily close candle has been rejection from 50% fib level
– price has been rejected from a key level of 129.713 which has been tested as S/R multiple of times
https://www.tradingview.com/x/m4NskpTK/

4 HOUR CHART
– price did not make a higher high
– got a nice strong bearish candle from the key level of 129.713
– 129.713 level tested multiple of times which makes for a respectable level
https://www.tradingview.com/x/AH64AaiN/

TARGETS
– TP1 would be looking at level 128.800
– TP2 level would be a retest of the monthly level of 127.560

By admin