EUXJPY trade ideas
channelexpecting 61.8% retracement for last downtrend
we can expect a channel breakout once it retraces back from lower part of channel
refer chart for details
EURJPYEUR/JPY very difficult to read as we chop up and down with no direction. Minor support at 124.95/90 then a buying opportunity at 124.50/40, with stops below 124.20. A break lower targets 124.05/00 then 123.85/80.
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.
TP4: R2=125.25.
Set the stoploss of these orders at breakout of S2=123.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=123.9.
In this situation, there is an expectation to reach the target S3=122.85.
Set the stoploss of reverse orders at breakout of S1=124.1.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EUR/JPY SHORT SELL LOOK OUTEUR/JPY SHORT SELL.
TRADE POINT : 128.748
STOP LOSS : 128.909
TAKE PROFIT : 1.28632
Support turned ResistanceEURJPY on H4 is retesting its broken resistance. Also emergence of exhaustive candle signaling a bear move ahead
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=128.3.
TP4: S2=127.85.
Set the stoploss of these orders at breakout of R2=129.15.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=129.15.
In this situation, there is an expectation to reach the target R3=130.
Set the stoploss of reverse orders at breakout of R1=129.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Euro - Yen :- Bearish Momentum still valid till next supportPrices could retrace all the way back to 130 levels as resistance is not being able to be broken on the short timeframe.
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.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
