Afternoon!
On the EURJPY chart we can see a potential Bearish Cypher pattern.
Currently we can see that price is breaking the top line of the downtrend channel which is a good signal for price to go around 0.786.
The PRZ is between 120.20 - 120.25
Potential targets for the pattern placed at the .382% and .618% retracement of the CD leg.
TP1 - 120.70
TP2 - 119.76
Best trades!
On the EURJPY chart we can see a potential Bearish Cypher pattern.
Currently we can see that price is breaking the top line of the downtrend channel which is a good signal for price to go around 0.786.
The PRZ is between 120.20 - 120.25
Potential targets for the pattern placed at the .382% and .618% retracement of the CD leg.
TP1 - 120.70
TP2 - 119.76
Best trades!