EURJPY – Keeping it Simple!

EURJPY is currently trading around the upper bound of its range, a key area where sellers have repeatedly stepped in.

As long as this resistance holds, we will be looking for short setups, expecting a rejection back toward the lower range.

However, for the bears to take over on the medium term, a break below the lower red trendline is needed to confirm momentum shifting to the downside.

Until then, this remains a range play at the highs.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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