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EurJpy: Can we Break 121?

Weekly Timeframe:

Daily Timeframe:


EurJpy Weekly time frame: By reading price action we can see we closed off a pinbar formation last week with the cross of our moving averages. If price manages to break and close above 121.00 key monthly psychological we can anticipate 124.000 but we maintain below we can potentially see pullbacks to the downside

Daily time frame: Strong engulfing daily candlestick off 119.250 key psych and 61 Fibonacci. Lets wait for better entry positions (buy low)!


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