Today's Chart: :EUR/JPY ( HOURLY )
The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of...
EURJPY weekly chart is in a clear corrective structure. While the correction does not necessarily need to have an ABC pattern, the way this chart has formed so far, I am rooting for another push down to the fib zone marked in horizontal lines.
Please do suggest if you have a different view on this.
Hello Traders!
We would like to present EurJpy forecast. (3-rd variant)
Sell limit - 129.000, S/L - 130.500, T/P - 126.900
Best regards, Powerful Traders.
Hello!
Definitely, there is the Global Downtrend! But to the end of this year, we have two variants.
1) Long - S/L131.000, T/P133.700-134.000
2) SHORT - Sell Limits near 134.500 - 135.000, S/L 137.140 (EWP rules), T/P 123.500
Please, if you want to enter the market, first of all, use the Market Profile, Volume, Cluster&Delta analysis, Depth of Market and...
Double wave correction up near the TL would give us a great sell setup. Look for bearish divergence to form on the H1 or H4 time frames.
Target 1: 128.40
Target 2: 127.00
Stop Loss: Above the down trend line
