EURJPY Intraday ForecastAs 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 S2=122.1.
In this situation, there is an expectation to reach the target S3=121.1.
Set the stoploss of reverse orders at breakout of S1=122.45.
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