rkarara
Short

EURJPY - SHORT - 4 HOUR CHART

FX:EURJPY   Euro / Japanese Yen
SEE PICS BELOW!
DAILY CHART
- short term pullback (overall trend is a downtrend)
- price currently consolidating between monthly and daily levels (red and black lines)
- daily candle closed with a rejection candle
- daily close candle has been rejection from 50% fib level
- price has been rejected from a key level of 129.713 which has been tested as S/R multiple of times
https://www.tradingview.com/x/m4NskpTK/

4 HOUR CHART
- price did not make a higher high
- got a nice strong bearish candle from the key level of 129.713
- 129.713 level tested multiple of times which makes for a respectable level
https://www.tradingview.com/x/AH64AaiN/

TARGETS
- TP1 would be looking at level 128.800
- TP2 level would be a retest of the monthly level of 127.560
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