歐元 / 日圓
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EURJPY - Bearish confluence!

129
Lots of confluence pointing towards shorts on this pair looking at the H1 TF.

Technicals:
- Rejection of s/r zone in line with rejection of 200 EMA
- Price action - hanging man/shooting star followed by strong bearish engulfing
- Potential rejection of 118 psychological level

Fundamentally I'm assuming we will continue to see a pressured Euro considering the Coronavirus situation in Italy (being a major economy) and refused EU bailout, which along with our technical bias may push this pair further south.

Nice intra-day set up with good R:R, >1:4

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