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EUR/JPY Continuation Only Below 127.60

Nenad Kerkez

Hi traders,

The EUR/JPY has made a bearish break in the wake of the Yen strength during the risk off mode. Next rejection could come soon.

The EUR/JPY has formed a bearish range that we can clearly see on the chart. However the price is bearish and each rally has been effectively sold. 128.30-55 in the POC zone and we might see another rejection should the price retrace. However only below W L4 / -2/8 MM and Camarilla confluence we will see a continuation towards 127.00. For that to happen a 4h needs to close below 127.60

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea


This article was originally posted on FX Empire

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