EUR/JPY Downtrend is Strong but Watch for a Pullback
March 23, 2021
1 min read
Dear traders,
The EURJPY is strongly bearish. We could see a pullback which could get the price towards the POC zone.
The POC in the EJ comes within 129.70-80. 1-2-3 could form just there and if that happens new sellers will join. Selling pressure should continue towards 129.35, 129.92 and possibly 128.55. We can also see the W H4 camarilla pivot and the trend line which constitute a confluence for fresh selling. Watch for a move up then new selling.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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