EUR/JPY Gravestone Doji Cueing for More Bearish Price Action
EUR/JPY Technical Analysis
- Bearish momentum
- We can see the stronger bearish pressure
- Yen is getting stronger
- The drop below M L3 signals continuation
- Low point
- Order block
- Swing low
- Swing high
- Gravestone Doji
The price is bearish. Yen is getting stronger. Don’t forget the basics.
Yen strength
1.100% risk off sentiment
2.Gold up
3.Commodities prices down
4.Equities down
5.Yen strengthens as a result
At this point the market has established the Gravestone Doji variant 2. Expectation is that the EUR/JPY will reject lower below M L3. The entry is 130.60. Targets are 130.13 and 129.08. The daily bearish close below the M L3 will give additional momentum to bears.