EURJPY Local OB’s| Swing High| Price Action| Trend

Evening Traders,

Today’s analysis – EURJPY – trading at a key resistance region where a rejection is probable,

Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Swing Failure
- Low Volume

EURJPY’s immediate price action is trading at an order block resistance with a potential swing failure, allowing for a bearish bias.

The current volume is below average, an influx is imminent on the next expansion.

The immediate objective is the swing high, exceeding this level will lead to a trend continuation.

Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee