My bias on EURJPY is bearish as price has been in a bearish channel for some days now. As of right now price is at my D1 ext target which is also confluent with the -27 EXT and the support level of the bearish channel. From here I am anticipating a corrective pullback before price continues to the downside. With my downside targets being 127.9.
A good way to capitalise of this move would be to enter short once price pulls back to the resistance level of the bearish channel.
A good way to capitalise of this move would be to enter short once price pulls back to the resistance level of the bearish channel.