EURJPY Daily Analysis 1/19/20

2020-01-20 01:12:45

EURJPY Short Idea

The monthly time frame is consolidating and ranging while the weekly is bearish.

The daily and 4 hour time frames are both bullish which we can see on this chart.
We have found resistance around the 88.6% weekly fib level at around 122.500.

We are looking to target toward 120.000 if we continue to see bearish variations.