Tradeciety

EURJPY - watching the short side - 130 the key level

FX:EURJPY   Euro Fx/Japanese Yen
71 0 4
The EURJPY             is back on the watchlist as the only EUR related pair. Zoom out to the daily and you see the downward sloping price channel . Last week it found resistance at the upper side of the channel at 132.

We are watching 130 closely. A break of 130 could lead to additional bearishness and kick off the next bearish wave. Ideally we'd like to see a bullish wave first that would (1) trap premature buyers and (2) print a momentum divergence. We'll watch both scenarios closely - along with the outlined USDJPY             setup.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out