EURJPY Forex Analysis - Head & Shoulders Pattern Forming At 148.39 Monthly Resistance

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the EURJPY daily and 4-hour charts.
ACY Securities | 796 days ago
Stocktwits

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the EURJPY daily and 4-hour charts.

Price has declined down from the 148.39 monthly resistance level.

A head and shoulders pattern may be forming on the 4-hour chart.

148.00-12 the Figure and 79% fib retracement level.

Watching for price to rally and fail at this intraday resistance level for a further decline targeting a retest of the 146.72 weekly support level.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Regulation: ASIC (Australia), FSCA (South Africa)
Tags: Analysis EURJPY
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