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Reis593

EURJPY short opportunity

Short
Euro / Japanese Yen (FX:EURJPY)  
Reis593  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis EURJPY eurjpyshort eurjpysignal eurjpytrade eurjpyanalysis eurjpysell
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trendanalysis eurjpy eurjpyshort eurjpysignal eurjpytrade eurjpyanalysis eurjpysell
Looking at the 1 hour timeframe, EURJPY is currently ranging which we can capitalize on

We have a resistance level at 129.500 which has been tested multiple time and price hits and moves down to 128.800 at the support level

We currently have a bearish engulfing coming off at the 129.500 resistance level and can short it to 128.800

SL: 129.600
TP: 128.800
RR = 8.83
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