Will the
137.00 level act as a resistance on the EUR/JPY? So far the pair has been steadily
correcting to the upside and has broken the 136.00 level after bouncing from
the 135.00 level. At the moment the price is very close to touching the 137.00 level
and since the bearish trend is still in place, the price may try to stall at
that level or even try to bounce back down. Therefore, let us pay attention to
a possible visit to the 137.00 level, because some trading opportunities may be
present there.
The downtrend looks intact.
ReplyDeleteIt's to be expected after such a drop. I doubt the bearish trend is over though.
ReplyDelete137.00 region seems to be next target.
ReplyDeleteVery useful analysis, thank you.
ReplyDeleteGood and clear movement!
ReplyDeleteGood analysis.
ReplyDeletegreat analysis
ReplyDeleteI hope it keeps the downtrend.
ReplyDelete