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
EURJPY trade ideas
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. ;)
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (115.6). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 116.20
TP2= @ 116.45
TP3= @ 117.20
SL= Break below S2
SELL EURJPYTHERE IS A SELL TREND IN EURJPY ALSO AT PIVOT SO, CAN GIVE PROFIT IF WE GO SHORT ON IT!!!
JUST GO FOR IT. :)
EUR/JPY Technical AnalysisThis counter currently is in a rising wedge formation.
It breaks the pattern & moves in a negative direction.
Hence, it will be bearish from here.
Don't miss the great sell opportunity in EURJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (116.45). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 115.60
TP2= @ 115.20
TP3= @ 114.50
SL: Break Above R2
EUR JPY Buy ONLY IF it breaks and sustains above 117.000 if it doesnt then it could continue dropping
