EURJPY Intraday Forecast

FX:EURJPY   Euro / Japanese Yen
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=118.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=117.3.
TP4: S2=116.9.
Set the stoploss of these orders at breakout of R2=118.2.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=118.2.
In this situation, there is an expectation to reach the target R3=119. 05 .
Set the stoploss of reverse orders at breakout of R1=118.

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Amazing :)
+2 Reply
@john-19, Thanks for your comment.
+2 Reply
It's so helpful..thankyou for you knowledge
+2 Reply
@YuzoAbby, We're happy you found it helpful.
+1 Reply
in the end we are all students of the market and learning constantly from it
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, That's true.
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Appreciated your content
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome.
+1 Reply
strong idea! ;)
+2 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks. we hope it helps you.
+1 Reply
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