EUR/JPY Hard Time Breaking Support

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

EUR/JPY is having a hard time breaking support as Yen is not getting stronger at this moment.

We can see a very tight consolidation on a daily time frame as the price is struggling to build momentum. However, we should see the move to the downside only if Q H4 camarilla pivot point breaks. If it happens, the next target is 130.13. However if the price breaks 132.60 next target is 133.32.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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