Hello traders.
EURJPY formed a double top at multiyear High levels.
However, during evening of yesterday, some big players closed their positions and as a result the market direction was occured due to the surpass of sellers.
I think that the psychology of this pair is mainly short and any spike can be considered as a sell opportunity either if it touches the trend line again or if it touches the upper resistance zone.
My long term target is approx. 137 zone which is a OB and strong demand zone.
But there are plenty intermediate take profit levels on other support areas.
Today's Lagarde's speech will be of importance about the future of this pair.
EURJPY formed a double top at multiyear High levels.
However, during evening of yesterday, some big players closed their positions and as a result the market direction was occured due to the surpass of sellers.
I think that the psychology of this pair is mainly short and any spike can be considered as a sell opportunity either if it touches the trend line again or if it touches the upper resistance zone.
My long term target is approx. 137 zone which is a OB and strong demand zone.
But there are plenty intermediate take profit levels on other support areas.
Today's Lagarde's speech will be of importance about the future of this pair.