FuturesForexClasses

EURJPY / H1 / Daily Forex Technical Analysis / 6.11.2019

Long
OANDA:EURJPY   Euro / Japanese Yen
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 11th, 2019 and we will be taking a look at the Euro against the Japanese Yen. Looking at the 1 hour time we are now looking for a pullback back of the current structure which could be shorted but we will be looking for a profitable long opportunity on the retest of a previous support area near the 122.2 region. Entry for a Long position near the 122.272 area, with a Stop Loss near the area of 121.817, and target profit level area of 123.188 to ensure a profitable trade with a 2.01 to 1 R/R.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.