motleifaul
Long

Turn, turn, turn

FX:EURJPY   Euro Fx/Japanese Yen
252 4 1
Seems we are forming a bottom now above the cloud and at the edge of Bollinger . Let's see whether more than a 50% retracement is possible.
Hi, great work. which is the target for the next 24hs as per your info???.
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motleifaul Pablo A.Molinari
Well, it's a daily chart. So I have no 24h targets. I can imagine 131,70 as a such. But this is not the result of this chart.
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ForceFollower motleifaul
Based on this chart the usual expectation would be at least a return to the red moving average - the middle of the Bollinger Band. However, looking at H4, I can also see some bottom-like formation in EURJPY. There's a 3-drives-to-the-bottom to be observed on an H4 chart. I can see a multipivot line above at 132.65 that may attract price in the coming hours. Unless it stalls at 132.28 (60%-80% chances), I'd exit just below it at 132.64. If unlucky, SL at 130.900. Nevertheless, the yen's prolonged strength keeps me worried (as well as the pound's weakness, by the way), not even Kiwi nor Aussie can go up against it...
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I take the profit out. Euro didn't reach the upper Bollinger edge.
So a test of the cloud becomes possible again now.
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