unique4x
Short

Is EUR/JPY About To Start A New Trend?

FX:EURJPY   Euro Fx/Japanese Yen
As of 12/30/2014 @ 8:12 EST:

We have identified EUR/JPY             as a potential trend reversal short trade. This pair has been in an uptrend on the daily and weekly charts but is showing signs of rolling over. Initially trying hold and bounce off the 23.6% Fibonacci retracement level but after a consolidation period it has begun to breakdown. Could this be the start of a new trend?

With some support levels below the Global Currency Scalper would like to see these levels broken before initiating a position. Shorts will be taken on a break of the 144.400 level, targets of the figure 144.000, 143.350 and then further down to the 142.150 level. Stops will be placed at 146.500, if this level is taken out prior to initiating our position the Global Currency Scalper's opinion will change to neutral with further evaluation to be given.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out