EUR/JPY – in present week we expect to finish the retracement for currency pair on base Fibonacci 61.8 or triple resistance level 141.05 with target 136.55 /double support/ supported by formatin pattern “Shooting Star” on D1.
Moving Averages 50 and 100 are crossing timeframe D1, as this indicates for change direction of the trend, CCi accompany activating the bears on the market with the formation of bearish divergence.
In short term, stop loss must stay at the level 141.10 as we must wait entry point 140.40 and target level 136.50 /strong support/, which determind Monet Management 1:5.
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