A short sell on EURJPY
On the monthly timeframe, EUR JPY is bullish as the previous low at 154.414 did not break the last low. Therefore we expect a bullish continuation to the previous high indicated around 175.348. However, this sell analysis focuses on a catching a short sell setup within this bullish monthly structure on the 1D timeframe, before prices goes back to the last high.
If this sell setup holds, areas of interest include
Entry: 165.596
Target: 156.160
Stop Loss: 167.664
If this sell setup holds, areas of interest include
Entry: 165.596
Target: 156.160
Stop Loss: 167.664
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