EURJPY Same Bearish Reversal, Watch Cor More Downside
Hi traders:
EURJPY has also developed nice bearish price action from higher and lower time frames.
Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs.
Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows.
Latest development has formed correction on the lower time frame, good signs of further bearish price action.
Look for continuation, bearish impulse to break out for confirmation to the next lows.
Thank you
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