TipTVFinance

EUR/JPY – bullish break from double bottom neckline

FX:EURJPY   Euro Fx/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
EURJPY - Daily/weekly
Reply
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