EURJPY rejected from supply zone at level 121.23 by forming bearish pattern "double top"
Price broke neckline at level 120.35
Below SMA 100
MACD shows weakness in bullish momentum
Price is below HVN at level 120.18 which indicates that pair is in distribution phase
we r waiting breaking support level at 119.89 to open short trade
First target will be at level 119.32 as a classic target of double top pattern
Second target will be at demand zone at 118.45
Price broke neckline at level 120.35
Below SMA 100
MACD shows weakness in bullish momentum
Price is below HVN at level 120.18 which indicates that pair is in distribution phase
we r waiting breaking support level at 119.89 to open short trade
First target will be at level 119.32 as a classic target of double top pattern
Second target will be at demand zone at 118.45