chart analysis update LIGHT GREEN-DAILY SUPPORT/RESISTANCE
LIGHT YELLOW- DAILY ZONES
PURPLE-SUPPORT/RESISTANT 4 HR
DARK BLUE- MONTHLY TREND-LINE
DARK GREEN- 4 HR ZONE
EURJPY trade ideas
EURJPY UPDATEDEURJPY MUST PAIR IN FOREX THIS TIME UP TRAND BUT THIS WEEK DOWN TRAND THAN VERY GOOD OPPORTUNITY HERE
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (122.7). 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.
. The RSI is at 67.
Take Profits:
TP1= @ 123.35
TP2= @ 123.95
TP3= @ 124.25
SL= Break below S2
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Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURJPY - UPSIDE POTENTIAL- L50 STATUS - In Buy Zone
- EMA STATUS - In Position
- RSI - Nice Cross
- VALID CANDLE - Bullish Engulfing
- OB/OS - Not OB
- HIGHER TIME FRAMES - Up Trend
Further Confluence:
Break for a new High of day, Pair is in an uptrend with space to move, definite upside potential.
Initial Risk - 1%
EURJPY 4HR Daily candle closing above resistance level 120.00 will push the price unhindered to level 121.00
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (118.050). 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.
. The RSI is at 60.
Take Profits:
TP1= @ 118.95
TP2= @ 119.20
TP3= @ 119.65
SL= Break below S2
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (117.0). 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.
. The RSI is at 51.
Take Profits:
TP1= @ 117.6
TP2= @ 117.9
TP3= @ 118.5
SL= Break below S2
EURJPY WEEKLY ANALYSIS, MAY 25-29last week, last 2 days , price have pushed lower from 118.700 to 117.200, this bearish trend expected to continue till 116.00, May it gives a new setup to start the June month from the lower price
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (116.5). 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.
. The RSI is at 75.
Take Profits:
TP1= @ 117.75
TP2= @ 119.00
TP3= @ 121.30
SL= Break below S2
EURJPY - 05/11/2020When the market opens we will be looking to go long as there seems to be potential to the topside.
RSI is still good as well.
Long then, Short now?I had already longed the current trend. But now I see a rising wedge.
Will be shorting this. ;)
