EurJpy could drop back under 160

٢٠ نوفمبر ٢٠٢٣

As explained in my JPY Index post, I expect a strong correction for JPY pairs (bullish JPY)
Also in EurJpy's case, it looks like we have a top and with the pair on interim support, we could expect break down.
I'm looking for a drop back under 160 for this pair and, in my opinion, rallies should be sold.
EurJpy back above 163.70 would negate this scenario