On EurJpy, price has been in an overall bearish retracement for quite some time now. Unless the buyers prove that they are taking over, my bias will continue to be bearish for the time being.
We could notice that price has fully retraced back to a Daily Significant Horizontal Level and bearish pressure is identified. If we could get a strong bearish H4 candle closure away from this level, I'll be looking to place sell orders.
We could notice that price has fully retraced back to a Daily Significant Horizontal Level and bearish pressure is identified. If we could get a strong bearish H4 candle closure away from this level, I'll be looking to place sell orders.
