Trader_Petrov

EUR/JPY - Wait for Break

OANDA:EURJPY   Euro / Japanese Yen
Monthly:

1. Very strong push to the upside after break
2. The price now face stron resistance

Looks Neutral for now


Weekly:

1. Double Top
2. Break of strong support level
3. Neckline test with rejection

Looks bearish for the moment.
If see bearish signals on lower timeframe
i will sell.


Daily:

1. Morning star formation from the bottom
2. Inverted Head and Shoulders pattern

Inverted Head and Shoulders pattern is trend
reversal structure so I will watch carefully what
will happend next week.


4H:

1. Inverted Head and Shoulders

If brake up will be good chance for buy
when pullback for test.

If brake down will be good chance to sell
when pullback for test.



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