EURJPY - More correction
EURJPY (1H) - short term bearish bias
The euro continues to grind its way down as more sellers joined the bearish trend. The downward sloping moving averages are clear indication that sentiment is still pessimistic. These averages would keep the price in check as strong resistance overhead. As the correction deepens, we would expect the pair to drop towards the daily trend line around 121.00. This psychological level will be buyers' stronghold to keep the 5-month-long rally intact.
Key support: 121.00
Key resistance: 121.90
The euro continues to grind its way down as more sellers joined the bearish trend. The downward sloping moving averages are clear indication that sentiment is still pessimistic. These averages would keep the price in check as strong resistance overhead. As the correction deepens, we would expect the pair to drop towards the daily trend line around 121.00. This psychological level will be buyers' stronghold to keep the 5-month-long rally intact.
Key support: 121.00
Key resistance: 121.90
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.