Euro / Japanese YenShort
Don't miss the great sell opportunity in EURJPY
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (116.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 115.60
TP2= @ 115.20
TP3= @ 114.50
SL: Break Above R2
. There is still a possibility of temporary retracement to suggested resistance line (116.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 115.60
TP2= @ 115.20
TP3= @ 114.50
SL: Break Above R2
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