ForecastCity_EU

EURJPY Intraday Forecast

Short
FX:EURJPY   Euro / Japanese Yen
As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=120.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=119.85.
TP4: S2=119.55.
Set the stoploss of these orders at breakout of R2=120.6.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=120.6.
In this situation, there is an expectation to reach the target R3=121.45.
Set the stoploss of reverse orders at breakout of R1=120.4.

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