EURJPY: Pullback From Key Level 🇪🇺🇯🇵

29 Sep 2022

EURJPY reached a peculiar zone on Monday:
we see a perfect match between a horizontal demand zone and 618 retracement of the last bullish impulse.

Testing the underlined zone, the market was rejected nicely and formed a doji candle then.

On 4h time frame, a double bottom was formed. The price successfully closed above its neckline.

I think that the pair will keep growing, targets: 141.2 / 142.3

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