STRONG RESISTANCE on Daily Chart Euro/Japanese Yen.
At the moment the price is in what I consider a strong resistance zone as it got tested a few times since February 2019 but never actualy broke.
Personally, I will wait for confirmation because I see a good oportunity to either sell or buy.
If I buy, I will be looking for 129.00 zone (monthly high Dec.13 2018) on the downside, a drop below 126.00 would aim for 125.00 (low Dec.16 2020) and finally 124.00.
If you have a different view, please share, I would love to hear your analysis.
Personally, I will wait for confirmation because I see a good oportunity to either sell or buy.
If I buy, I will be looking for 129.00 zone (monthly high Dec.13 2018) on the downside, a drop below 126.00 would aim for 125.00 (low Dec.16 2020) and finally 124.00.
If you have a different view, please share, I would love to hear your analysis.
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