EURJPY in 1H chart shows that there is an ascending trend line and Stochastic shows gold cross. Bullish momentum.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123.1. TP4: R2=123.6. Set the stoploss of these orders at breakout of S2=122.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
trend: bearish bears are going to charge T1 is a possibility for bulls to enter though, but bears still can be stronger
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=126.3. TP4: R2=126.5. Set the stoploss of these orders at breakout of S2=125.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (125.85). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=125. TP4: R2=125.25. Set the stoploss of these orders at breakout of S2=123.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=128.3. TP4: S2=127.85. Set the stoploss of these orders at breakout of R2=129.15. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=132.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=131.9. TP4: S2=131.5. Set the stoploss of these orders at breakout of R2=133.1. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
BUY EURJPY between 132.45-132.50 sl 132.20 TP 132.90
Over time, eurjpy was pushed up from the area of YPP (P) 128.637 and MPP (P) 128.786. It will be stopped around 130.000 and the next week will be come. Weekly Chart 130.000 is not only a round number but also a head & shoulders neckline, so it seems that there are many conscious traders. (Also worried that for MA users 800 EMA and 1600 EMA are...
The 4-hour chart of EUR/JPY formed a double top pattern and made a strong sell off. Now it currently retesting the support of the double top pattern. The chart is also forming a up channel which could be interpreted as bearish flag too. As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be...