Trading 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....
- 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,...
Trading 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....
Trading 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....
last 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
Trading 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....
