FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
18,258,448Confirmed
693,395Deaths
11,460,069Recovered
Fetching Location Data…
Advertisement
Advertisement
Nenad Kerkez
EUR/JPY

Dear Traders,

The EUR/JPY has started a retracement from the confluence of two important camarilla pivots. We might see a move lower.

122.55 – 65 zone is showing new bears which might be taking over bullish trend. The price has started to move lower and this is a retracement. M H3 121.18 and W H4 121.22 are the first possible retracement targets. If it breaks lower then pay attention to W H3 – 120.45 which could be the final target. Only a close above 123.00 could invalidate this scenario.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk