Tradeciety

Classic Shakeout on EUR/JPY

FX:EURJPY   Euro / Japanese Yen
762 0 18
The reversal on EURJPY             is shaping up nicely.

Price found new sellers after it has moved into 116 but not enough to push price below 115. The shakeout (or squeeze) after price touched 115 for the first time was textbook and many traders probably bought the dip.

Price is now moving back into the 115 area and a break and retest of this level could then open the room for a short trade lower.

Just below 114.50 is a demand zone which could keep price from falling lower initially.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out