TipTVFinance

EUR/JPY – bullish break from double bottom neckline

FX:EURJPY   Euro / Japanese Yen
Resistance – 124.05, 124.75, 125.51

Support – 123.50, 122.81, 122.00

EUR/JPY             hourly chart has just confirmed a bullish break above neckline of double bottom formation. This creates a room for an upside move towards 125.55 levels.

However, hourly RSI is overbought and that could lead to loss of momentum and sideways action around neckline level of 123.50. Also watch out for a fakeout – failure to stay above neckline level of 123.50 as that could trigger a drop to 122.00 levels.

EUR/JPY             rallied to neckline resistance as anticipated earlier today
agree, looking for longs only now
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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