Technical Analysis

EURJPY

EURJPY Daily

EURJPY is topping off at Daily role reversal area in confluence with MM4 - bulls profit taking zone for the month. I'd go into smaller TF and look for selling opportunities.

EURJPY 4hr

on 4hr, Price came off WM3 - bears sell zone for the month. I'd look for 2nd entry opportunity somewhere between 38.2-50 Fib in confluence with 4hr role reversal area. Its going to be busy news day with FED and BOJ poilcy meeting in focus. If I manage to get into this trade, I'd consider taking my profit off or put my stop to BE when it get close to daily trendline.

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