Title
EURJPY Day | Bearish reversal
Type
Bearish Reversal
Preference:
The price could reverse from pivot at 161.804, the overlap resistance. It could fall to the 1st support at 157.99, the overlap support.
Alternative scenario:
It might breakout of pivot and rise to the 1st resistance at 164.207, the swing-high resistance.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.