EURJPY is near a weekly trendline that serves as resistance.
On the smaller time frames, the 139.000 area seems to be holding along with the trend line. On the weekly TF, there’s been an EMA cross over which signals a possible continuation to the downside. It’s also near my 61.8% fib level, so there’s multiple confirmations that show a push to the downside. It’s just a matter of looking for an entry!
What do you think?
On the smaller time frames, the 139.000 area seems to be holding along with the trend line. On the weekly TF, there’s been an EMA cross over which signals a possible continuation to the downside. It’s also near my 61.8% fib level, so there’s multiple confirmations that show a push to the downside. It’s just a matter of looking for an entry!
What do you think?