Evening Traders,
Today’s analysis – EURJPY- trading at a key resistance where a rejection is probable,
Points to consider,
- Price action corrective
- VWAP S/R Resistance
- .618 Fiboancci Resistance
- Low Volume
EURJPY’s immediate price action is trading a resistance level that has confluence with the .618 Fibonacci, VWAP S/R and the POC, allowing for a bearish bias.
The 0bjective is the lower support region, exceeding this level will lead to a trend continuation.
The current volume profile is below average, and influx will be highly imminent on the next expansion.
Hope this analysis helps,
Thank you for following my work
And remember,
“Freedom from blind reactivity begins with self-awareness.”
― Yvan Byeajee,
Today’s analysis – EURJPY- trading at a key resistance where a rejection is probable,
Points to consider,
- Price action corrective
- VWAP S/R Resistance
- .618 Fiboancci Resistance
- Low Volume
EURJPY’s immediate price action is trading a resistance level that has confluence with the .618 Fibonacci, VWAP S/R and the POC, allowing for a bearish bias.
The 0bjective is the lower support region, exceeding this level will lead to a trend continuation.
The current volume profile is below average, and influx will be highly imminent on the next expansion.
Hope this analysis helps,
Thank you for following my work
And remember,
“Freedom from blind reactivity begins with self-awareness.”
― Yvan Byeajee,