EURJPY Forex Analysis - Head & Shoulders Pattern Forming At 148.39 Monthly Resistance
Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the EURJPY daily and 4-hour charts.
Price has declined down from the 148.39 monthly resistance level.
A head and shoulders pattern may be forming on the 4-hour chart.
148.00-12 the Figure and 79% fib retracement level.
Watching for price to rally and fail at this intraday resistance level for a further decline targeting a retest of the 146.72 weekly support level.
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