Home Forex Market Analysis Forex Signals Bear Continues its Domination

Bear Continues its Domination

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Chart EUR/JPY H1 Chart

EUR/JPY made a strong bearish move on the H1 chart yesterday. The chart shows that it made a breakout at yesterday’s lowest low today. As of writing, the last candle closed well above the breakout candle. A short entry is triggered at 116.370. The price may head towards the South and find its next support at around the level of 115.255 area.

Let us have a look at the trade summary

Entry: Sell at 116.370

Stop Loss: Above 117.640

Take Profit: 115.255

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