EURJPY could be headed lower
EURJPY might give up some of its gains from last week as the surprise news that a ECB rate hike was being talked about shot this pair like all EUR pairs higher.
We are now up against trend line resistance and H1 TDI is looking increasingly BEARISH.
We are looking to SHORT this pair from these levels but the BULLISH structure remains in place so a LONG trade from lower down may present itself.
Trade idea
SELL at market with a STOP above 122.81 recent high if price stays under 122.81
No LONG trades from these levels.
We are now up against trend line resistance and H1 TDI is looking increasingly BEARISH.
We are looking to SHORT this pair from these levels but the BULLISH structure remains in place so a LONG trade from lower down may present itself.
Trade idea
SELL at market with a STOP above 122.81 recent high if price stays under 122.81
No LONG trades from these levels.
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