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ForecastCity
Jun 10, 2021 11:18 AM

💡Don't miss the great sell opportunity in EURJPY Short

EUR/JPYOANDA

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (133.42).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURJPYis in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45.

Take Profits:
TP1= @ 133.10
TP2= @ 132.92
TP3= @ 132.73
TP4= @ 132.51
TP5= @ 132.34

SL: Break Above R2

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Comments
Megan_forex
Good analysis .
ForecastCity
@Megan_forex, Thank you for your comment. We appreciate it
carefulOwl22772
Looks good to me. Thanks for sharing .
ForecastCity
@carefulOwl22772, Thank you! Hope it's inspiring.
Sophi2018
Clear analysis.👍
ForecastCity
@Sophi2018,Thank you. We appreciate your support
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