Euro / Japanese Yen
Negative head and shoulders pattern on the 4-hours chart that supports the downside
Target level 131.65
Stop Loss Closed 4-hour candle above 133.90
Other technical signals that support relegation
1- The price has a weekly supply area that may return prices to levels of 127, even as a correction for the bullish rally
2- The completion of the AB=CD pattern and the retracement from the 200 Fibonacci level
Which paves the way for the completion of the Shark pattern at the level of 129.50
Negative head and shoulders pattern on the 4-hours chart that supports the downside
Target level 131.65
Stop Loss Closed 4-hour candle above 133.90
Other technical signals that support relegation
1- The price has a weekly supply area that may return prices to levels of 127, even as a correction for the bullish rally
2- The completion of the AB=CD pattern and the retracement from the 200 Fibonacci level
Which paves the way for the completion of the Shark pattern at the level of 129.50