EURJPY DOWNSIDE CONTINUATION
EURJPY has been on our watchlist as price breaks through a key trendline support. The daily chart confirmed the lower low, lower close and we should see further downside as money moves
from the equities to the safe havens such as JPY and GOLD.
Looking to the 4hr timeframe we can see the lower low clearly and if we see the market retrace to the resistance at the previous structure lows around the 128.25.
We will look for targets down the key swing support level of 127.20.
from the equities to the safe havens such as JPY and GOLD.
Looking to the 4hr timeframe we can see the lower low clearly and if we see the market retrace to the resistance at the previous structure lows around the 128.25.
We will look for targets down the key swing support level of 127.20.
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