Hey Guys!

The current eur/jpy weekly bias is short. Or in other words, price is likely to reach 124.41 before reaching 148.44.

So if I get a pullback to the 147.44 price level, I'm willing to take a short entry with a stop loss at 148.44 and its main target

at 124.41. That said, since this pair has overarching long strength on it, I am ultimately waiting for long confirmation for this pair.

In this post I explain the reasoning for my decisions.


That's it !

I'll keep you guys updated!

Have a great day!

Ken
Beyond Technical AnalysisEURJPYeurjpyanalysiseurjpyforecasteurjpylongeurjpytrade

Forex Trader/Forex Trading Education/Weekly Forex Forecasts and Midweek Forex Analysis
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