Downloading...
Euro / Japanese Yen
Short

EURJPY 4hour Analysis July 31st, 2022

283
EURJPY Bearish Idea

Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish

Trade scenario 1: We are looking bearish this week! We just saw a break of our 137.000 zone and now we’re looking to continue lower.

Ideally, price action rejects our 137.000 zone and forms clear structure we can enter short on. Look to target lower toward 133.000

Trade scenario 2: For us to consider EJ more bullish we need to see a break back above 137.000 with a higher low above.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.