EURJPY – Look To Buy Into Resistance Whilst Price Retraces into buy zone.
Trend: Bearish HTF
Key Levels: Support 122.57 to 123.10
Price Action: Break in market structure on the lower time frames formed at HTF support.
Notes: The bias is bearish one a macro view but I'm looking for some short term bounces, with the possibility of filling in current gap.
We will consider Buying on any strength whilst price retraces into buy zone, targeting a move back to fill gap.
Update:Price failed to provide any bullish behaviour and has drifted lower. Flat on this instrument.