Euro / Yen Jepun
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EuroYen in Retracement

96
Euro Yen is a making a retracement following the recent bullish run from 26th May to 9th June 2022.

Price has moved below the short and longer term moving averages ( Which achieved a Dead Cross on 10 th June 2022)

Today we see price break the Tokyo Box , and presently is drifting lower.

Taking a conservative Fibonacci retracement of 50% , a short trade could be taken to 1.3980 . And further momentum could take the pair to 138.73.

Your stop would need to be above the Tokyo Box of 141.80.


The risk reward is 1+ .
Nota
Target hit 16th June.

Penafian

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