EURJPY has been in the down trend for 2 months! and I continue to be bear with this pair.
The price is under 21EMA on Weekly, H4, Hourly charts.
Thus simply I would like to discuss about the next Short entries.
Here is H4 chart. Currently falling along the down channel & riding 21EMA. As the next short opportunities, I would like to suggest
c) WPP (130.28)
e) 131.30 (Resistance & WM4)
You could say
a) 129.43 (DS2)
b) 128.90 (WS2)
c) 128.15 (Fib 168.2%, WS3)
Hope this helps you build your own setup.
YJ Baik – Forex.Today @ Tokyo