EURJPY | Limited Upside Move - Bearish Harmonic Pattern
EURJPY | Limited Upside Move - Bearish Harmonic Pattern
Price completed a bearish Harmonic pattern near a strong resistance zone.
Also considering the JPY is weak since a long period of time we should see
any correction soon because it is getting boring in this way.
The market can not move in only one direction as it has to release liquidity.
However let's see:)
Thank you and Good Luck!
Price completed a bearish Harmonic pattern near a strong resistance zone.
Also considering the JPY is weak since a long period of time we should see
any correction soon because it is getting boring in this way.
The market can not move in only one direction as it has to release liquidity.
However let's see:)
Thank you and Good Luck!
Commento:
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BOJ, Japan MOF, and FSA to hold an emergency meeting at 08:30 GMT today
They may discuss the yield curve that was mentioned last week or some other market intervention. It should affect the JPY as long as they are doing an emergency meeting.