EURJPY Daily Analysis
W - Bullish, price has been in a strong uptrend and is making a pretty large retracement. I expect price is trying to make its way to 127 before it continues the bullish trend
D - Bearish, lower lows and lower highs. pretty strong bear trend, price has been following the daily 20 ema. the RSI is getting close to an oversold condition, so any bearish position will be a relatively small one
4 - Bearish, lower lows and lower highs. price broke the last low and looks like it is retesting it now.
1 - Bearish, very strong impulse to break the low, retesting it now.
intraday positions -
the 128.30-128.35 area has made a double top. price rejects from there again we will have a triple top and a pretty good entry for a short. wait for the close, if price breaks this level I will be looking for a long position on the retest.
D - Bearish, lower lows and lower highs. pretty strong bear trend, price has been following the daily 20 ema. the RSI is getting close to an oversold condition, so any bearish position will be a relatively small one
4 - Bearish, lower lows and lower highs. price broke the last low and looks like it is retesting it now.
1 - Bearish, very strong impulse to break the low, retesting it now.
intraday positions -
the 128.30-128.35 area has made a double top. price rejects from there again we will have a triple top and a pretty good entry for a short. wait for the close, if price breaks this level I will be looking for a long position on the retest.
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