EUR/JPY: middle-term SELL opportunity

26 thg 4, 2022

As it can be inferred from the graphical illustration, the price has been able to break the previous Higher High, and from the looks of it it has potential to plummet even deeper. We will be expecting for the price to re-test the broken structure and complete the formation of the right shoulder before looking forward to opening short positions and aiming for the zone of support plotted on the graph that lines up with 50% Fibonacci retracement level.