Hello traders, EUR/JPY is trading at 130.47. The Pair is trading in resistance and support wedges in a sideways trend. As the price is moving towards its resistance level it can rebound back to its support level. If the price breaks the entry price at 130.37, then it can touch its support level at 130.19 and if price breaks the support level then it can touch its second target at 129.98.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
Comment:
First target hit, second target may hit soon.