euroyen

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 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...