EURJPY – Price on the monthly is closing as a monthly bearish engulfing. However, price needs to break the yellow zone before bearish momentum is seen. Bullish momentum from this area, we could possibly see price push up into the upward blue zone.
Buy Bias: A break above 125.000 could push up to 126.250
Sell Bias: A break below 124.000 could push price down to 122.000
Buy Bias: A break above 125.000 could push up to 126.250
Sell Bias: A break below 124.000 could push price down to 122.000