Hello traders,
In a day time-scale, the EURJPY attempting a pullback action after the support line breakthrough. The 130.0 will be the checkbox for the price range in order to justify the pullback action. In case the pair rises past-130.85 on a daily closing basis, the 131.40 & 132.00 are likely following numbers to appear on the chart. However, a downward slanting TL, at 133.10, might restrict the pair's upside beyond 132.00.
On the contrary, a D1 close beneath of 129.35 can flash 128.50 and the 128.00 as quotes while 127.00 & 126.30 could please sellers then after. Assuming the Bears refrain to respect the 126.30 marks, chances of witnessing 125.00 and the 124.60 can't be denied.
Hit like,comment and follow for more Updates.
Happy trading.
In a day time-scale, the EURJPY attempting a pullback action after the support line breakthrough. The 130.0 will be the checkbox for the price range in order to justify the pullback action. In case the pair rises past-130.85 on a daily closing basis, the 131.40 & 132.00 are likely following numbers to appear on the chart. However, a downward slanting TL, at 133.10, might restrict the pair's upside beyond 132.00.
On the contrary, a D1 close beneath of 129.35 can flash 128.50 and the 128.00 as quotes while 127.00 & 126.30 could please sellers then after. Assuming the Bears refrain to respect the 126.30 marks, chances of witnessing 125.00 and the 124.60 can't be denied.
Hit like,comment and follow for more Updates.
Happy trading.
