Two days ago I said that EurJpy could correct some and reach 130 zone. However, the pair looks very weak and seems like a break of support is imminent.
Looking at a longer TF, we can see that the pair has formed a very large double top starting from April, and a break here would confirm the pattern.
I'm bearish this pair and I think that the 500 pips target from the double top will be reached in medium term.
Sell rallies can be a good strategy and EurJpy above 130 would negate this scenario
Looking at a longer TF, we can see that the pair has formed a very large double top starting from April, and a break here would confirm the pattern.
I'm bearish this pair and I think that the 500 pips target from the double top will be reached in medium term.
Sell rallies can be a good strategy and EurJpy above 130 would negate this scenario
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.