We saw EUR/JPY beatufully react to the 165.000 area. EUR/JPY also has a 4HR/1D trend line in play.
We can expect it to come down to the trend line and see how it reacts to the area marked as well as the trend line. Looking for buys if it respects the area and show us a good bounce back.
This may not happen until next week so lets keep an eye on it.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
We can expect it to come down to the trend line and see how it reacts to the area marked as well as the trend line. Looking for buys if it respects the area and show us a good bounce back.
This may not happen until next week so lets keep an eye on it.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.