EURJPY has just tested daily resistance with a nice rejection candle at the 15-minute timeframe. Target projected to the -27.2 fib level on the 4-hour timeframe which is 130.52. Let's see how it goes
Eurjpy continue buy trend make a bulish pin bar on key level
EURJPY is going to complete wave (B), after that we will have wave (C) in downward.
eurjpy long entry m5 trendline break confluence uptrend m15 m60
EurJpy Short in cloused Englulfing (Swing)
EurJpy is very likely to move down further and possibly a lot more further. Stoch Rsi is showing selling pressure is increasing and price is breaking the 14 EMA (purple line) When looking at the Elliot Wave we can see a 5 wave structure completed and we are now at the end of wave 1 of a possible new 5 wave structure. Wave 2 the down wave might go to 120.49....
EURJPY broke out of triangle pattern. Multiple rejections faced - Pair to go down to 118 level and beyond if price action still remains bearish with no sign of q reversal
EURJPY is on a daily corrective structure. Should buy at break out (green line)
EURJPY: potential BEARISH CYPHER on M15!