Trading Outlook

EURJPY: DAILY PIPS MANEUVERING!

Finding Resistance!

We have seen the pair is in a downtrend for the last couple of days.

so we will go with the sell but now looking for Resistance.

Preference!

Firstly we prefer to sell this market form 122.15 with a stop loss of 122.37.

whereas the targe for the day is 121.60&121.47 respectively

Alternative scenario!

On the other hand, if we broke out 122.37 we would see further upside toward 122.62&122.75 respectively