FxWirePro
Short

EUR/JPY rejected at trendline resistance , good to sell rallies

FX:EURJPY   Euro / Japanese Yen
203 0 11
EUR/JPY             has been rejected at highs by 126.62, strong trendline resistance seen at 126.60 levels.

Pair has been rejected multiple times at trendline since Mar 11th trade. Only breaks above could see further upside.

Momentum studies on the 4 hourly charts have turned bearish . Breaks below 10-DMA at 125.61 see little support till 125 levels.

On the flipside, break above 126.60 could take the pair to 127.17 (50% Fib retrace of 132.287 to 122.058 fall).

Good to sell rallies around 125.80, SL: 126.60, TP: 125/124.50
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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