Refer a friend

The #EURJPY price has formed a downward trend on the 4hr time frame which could offer short opportunities.

Watch the video to learn more…


EURJPY Short Opportunities

The price of EURJPY has fallen recently largely due to the recent shift in the risk sentiment in the market. As stocks have fallen the JPY has gained strength seeing many JPY pairs form trading opportunities. 

eurjpy forex chart of the day

The price has recently broken through last week’s low and looks to be heading for the major swing lows around 138.00. If the price is going to head to this level we should see the current 4hr downward trend continue to form lower lows and lower highs. If the price breaks through the lows we can look for a retest at resistance for a short opportunity. Alternatively we could look for a move back to the supply zone higher up where the selling pressure originated from. If sellers reappear here we can look for further downside. 

Do you trade Gold? see our recent analysis here.

Enjoy low spreads and quick trade executions with a live account. Our highly committed customer support team will assist you from your quick account setup to any future concerns. Start trading with Blueberry Markets today.

About The Author

Join us on Telegram
and get real-time
alerts on
Indices, Gold, Crypto
and Share CFDs

Join now for free
telegram cta
bbjam graphic

Sign up to
Blueberry Jam

Back up your trade positions with insights
and how-to-guides, straight to your
inbox every week

Thank you. You have successfully subscribed to Blueberry Jam!