fxplan

EURJPY Short-term Analysis

The EUR/JPY trend is sideway last week but still bearish bias.

Daily Chart Plan A&B

A. rebound bias , wait for engulfing bar to confirm strong bullish momentum.

       – target at resistance ,  retest resistance = bearish signal

B. bearish breakout of support 

       –   wait for retest breakout point (support become resistance) to confirm the bearish signal

       –    target at 126.03

EURJPYDaily

 

 

Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.