Trade ideas
EURJPYIts monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like Its monthly analysis, looking like
Potential bullish movement in EUR/JPYThe japaneese yen looks weeker along with the strengthening of euro result in the bullishness in the EUR/JPY currency pair. This perticular pair now follow a ascending triangle pattern in higher time frame also give more support to the bullishness that is expected.
💡Don't miss the great buy opportunity in EURJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (135.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 137.04
TP2= @ 138.80
TP3= @ 139.96
TP4= @ 141.12
TP5= @ 142.54
SL= Break below S2
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EURJPY | Good Buy Opportunity. Hurry Up!When it comes to the technical analysis of EURJPY , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.