EURJPY ANALYSIS JANUARY 2021

ANALYSIS 22-Jan-2021

CMP: 126.01; Sup: 125.07/121.60; Res: 127.50

As long as 127.5 resists, we will see more down.

Downside targets: 125.10, 125.54, 123.85, 123.33

If 125.07 supports we can see 126.28-126.64 for short term.

From smaller TF, resistance 126.20. There can be a possibility of triangle wave B to complete correction and fall down.

As of now, My view sell on rise with max SL 127.51 for the downside targets.