Euro / Japanese YenShort
EUR/JPY OFFERING COMPELLING SHORT OPPORTUNITY
EUR/JPY finding resistance at 139.50's, price action on 1H + 4H looking indecisive/bearish.
Long term trend line break adds further confirmation of short bias, short term down trend has formed on 1H time frame.
Three tests of structure resistance on 1H time frame also indicates lack of upward momentum, short term bullishness is only abouve 139.50's.
Looking for potential profit taking around 138.40's, however strong momentum and clear break of this handle could lead to further downside - exposing 137.00.
Long term trend line break adds further confirmation of short bias, short term down trend has formed on 1H time frame.
Three tests of structure resistance on 1H time frame also indicates lack of upward momentum, short term bullishness is only abouve 139.50's.
Looking for potential profit taking around 138.40's, however strong momentum and clear break of this handle could lead to further downside - exposing 137.00.
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