EURJPY ready for next leg lower?
After a fake out below key support at 126.7, EJ has rallied back up into key resistance around the 130 even handle. Printing a spinning top candle on friday off of trendline resistance and the 0% fib level.
On the H4 chart there is an inner, and outer trendline. On a break/retest of these, downside targets would be at the -27% fib and weekly support at 124.80.
On the H4 chart there is an inner, and outer trendline. On a break/retest of these, downside targets would be at the -27% fib and weekly support at 124.80.
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