Following on from my analysis on the S&P500 and NK225, how are the Yen pairs going to perform as we head into the end of the month? Below are the scenarios for bulls and bears while taking March pivots into consideration.

EURJPYDaily-250218

Price is at support. Resistance at 133.000 and 134.000

EURJPY H4

If you are a bear then WPP is resistance and your target is WS2. There is no reversal pattern so nothing says up at the moment. If you are a bull then you are waiting for a break above 132.000 and planning to buy the pullback.

2 thoughts on “EURJPY Week Ahead”

  1. Maryna says:

    Hey Ryan, I sold the pair from 137.50 and took profits at 131.40. I will now wait to see what the market will do at 131.40 this coming week.

    1. Nice to see Yen strength in Q1 as forecast

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