Expcting
EURJPY
to fall this week. It has already fulfilled it's bullish trend and taken profit now a counter trend is most likely.
Fundamentally: We have increased risk in the economy both globally and in Europe. Sending EUR down is a likely effect of that.
Technically: We have a double top formation at important resistance zone.
Entry at Sunday market open,
TP at 124, weekly M1 and weekly target.
EURJPY
to fall this week. It has already fulfilled it's bullish trend and taken profit now a counter trend is most likely. Fundamentally: We have increased risk in the economy both globally and in Europe. Sending EUR down is a likely effect of that.
Technically: We have a double top formation at important resistance zone.
Entry at Sunday market open,
TP at 124, weekly M1 and weekly target.