EURJPY - Intraday - We look to Sell at 120.70 (stop at 121.10)
Majority of the initial daily losses being recaptured. The 261.8% Fibonacci extension is located at 117.42 from 127.50 to 123.65. Buying posted in Asia. Trend line support is located at 118.25. A 5 wave bearish count has been completed at 117.67. Bespoke resistance is located at 120.65. Bespoke resistance is located at 120.65. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 119.00 and 118.50
Resistance: 120.65 / 120.96 / 121.64
Support: 119.00 / 117.67 / 117.42
Majority of the initial daily losses being recaptured. The 261.8% Fibonacci extension is located at 117.42 from 127.50 to 123.65. Buying posted in Asia. Trend line support is located at 118.25. A 5 wave bearish count has been completed at 117.67. Bespoke resistance is located at 120.65. Bespoke resistance is located at 120.65. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 119.00 and 118.50
Resistance: 120.65 / 120.96 / 121.64
Support: 119.00 / 117.67 / 117.42
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