EUR/JPY: Fibonacci level to watch!!!
Euro/Yen Japanese it's in this bullish trend. But it's important to combine it with fundamental analysis to know what happen in the European Union and Japan if you want to trade this Forex par when this market open up today at 4:00 p.m. U.S. Eastern Time.
Now, technically, Euro it's bullish, but I want to enfocous more in H4 timeframe as we see a little retracement on Friday, so we would need to watch 2 key Fibonacci level:
1) 0.382%: $133.82 JPY
2) 0.618%: $133.25 jPY
As right now, in the price action there're some bullish interested, but in that wick show that bears could to down a little more Euro. Remember, the price action it's vital to know to operate and trade Forex market.
I hope this scenario in H1 timeframe. I do not trade Euro until reach 0.382% in the price of $133.82 JPY.
This it's the Daily outlook in Euro/Yen Japanese. But I don't have much information to note, because it's bullish from this break out of this yellow zone. But I wan't to enfocous in this par just in H4 and H1 timeframe.
I will keep update this par.
Now, technically, Euro it's bullish, but I want to enfocous more in H4 timeframe as we see a little retracement on Friday, so we would need to watch 2 key Fibonacci level:
1) 0.382%: $133.82 JPY
2) 0.618%: $133.25 jPY
As right now, in the price action there're some bullish interested, but in that wick show that bears could to down a little more Euro. Remember, the price action it's vital to know to operate and trade Forex market.
I hope this scenario in H1 timeframe. I do not trade Euro until reach 0.382% in the price of $133.82 JPY.
This it's the Daily outlook in Euro/Yen Japanese. But I don't have much information to note, because it's bullish from this break out of this yellow zone. But I wan't to enfocous in this par just in H4 and H1 timeframe.
I will keep update this par.
Order cancelled:
this trade will be cancelled!!!