EURJPY trade ideas
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=132.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=131.9.
TP4: S2=131.5.
Set the stoploss of these orders at breakout of R2=133.1.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=133.1.
In this situation, there is an expectation to reach the target R3=134.3.
Set the stoploss of reverse orders at breakout of R1=132.6.
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EURJPY BUY ~ 132.700, Target - 134.00, SL- 131.400Just set and forget. its beyond tecnical and fundamental analysis.
BUY EURJPY between 132.45-132.50 sl 132.20 TP 132.90BUY EURJPY between 132.45-132.50 sl 132.20 TP 132.90
EUR/JPY Technical analysisThe 30 minute chart of EUR/JPY shows that the pair is uptrend
As long as the supportive trend line holds,the pair would remain makes Higher highs.
Last week made top at 1.30276 and closed at 1.2916. Got rejectedLast week made top at 1.30276 and closed at 1.2916. Got rejected at Daily Resistance. Major Trend remains down.
strong support..long target also describe...in 4hr rsi is over sold zone time to have some retracement...
#Eurjpy #forex reade analysisIf it test the support at yellow line and bounces from their then expect it to hit green lines otherwise short it with red as targets.
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wait for the breakout..wait for the breakout its over strong resistance...in 1hr chart...let the breakout and we buy from retest area...see breakout above trend line and 50ma....
