JPY has continued to gain strength which can be seen across the market inc the indexes.
EURJPY has come back below a descending trend line which price had been respecting since 12/06/19 and which bears broke on 17/06/19.
Price is now respecting support at 121.890 - 121.070 found on 4h. I will be waiting for bears to break this zone with a retest in the zone, this could then allow bears to bring price down to Prvs lows 121.800.
However EURJPY bulls could rally price back up to 121.590 giving us that retest as price did aggressively break through 121.590 without a retest.
EURJPY has come back below a descending trend line which price had been respecting since 12/06/19 and which bears broke on 17/06/19.
Price is now respecting support at 121.890 - 121.070 found on 4h. I will be waiting for bears to break this zone with a retest in the zone, this could then allow bears to bring price down to Prvs lows 121.800.
However EURJPY bulls could rally price back up to 121.590 giving us that retest as price did aggressively break through 121.590 without a retest.
