As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.5.
TP4: R2=121.7.
Set the stoploss of these orders at breakout of S2=120.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121.45.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=122.05.
TP4: R2=122.25.
Set the stoploss of these orders at breakout of S2=121.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.95.
TP4: R2=121.2.
Set the stoploss of these orders at breakout of S2=120.25.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.5.
TP4: R2=120.7.
Set the stoploss of these orders at breakout of S2=119.7.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.45.
TP4: R2=120.65.
Set the stoploss of these orders at breakout of S2=119.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.05.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.5.
TP4: R2=120.65.
Set the stoploss of these orders at breakout of S2=119.9.
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 (119.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a uptrend and the continuation 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=120.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.05.
TP4: R2=121.45.
Set the stoploss of these orders at breakout of S2=120.4.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.65.
TP4: R2=120.8.
Set the stoploss of these orders at breakout of S2=119.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.05.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.8.
TP4: R2=120.
Set the stoploss of these orders at breakout of S2=118.75.
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 (119.03). 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....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDJPY 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=117.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=117.9.
TP4: R2=118.3.
Set the stoploss of these orders at breakout of S2=117.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Technicals: EURJPY in a downtrend since the beginning of 2019
The technicals are generally well defined here, with a large channel inside of which the downtrend has traded for the whole year of 2019.
Switching to the 4-hour chart, we can see more details of the price action. There is a smaller bearish 14-day channel within the larger (more significant)...
