FxWirePro
Long

EUR/JPY stiff resistance at 116.42, buy breakout, target 118

FX:EURJPY   Euro Fx/Japanese Yen
167 0 6
EUR/JPY             has bounced off 20-DMA support at 114.90, upside stalls just shy of 3-week highs at 116.42.

Japan stimulus hopes triggered a broad-based selling in JPY which has set EUR/JPY             cross on a recovery mode.

Technicals on daily charts suggest further upside in the pair, Stochs and RSI are biased higher.

Break above 116.42 could see upside till 50-DMA at 119.25. Weakness only below 20-DMA at 114.87.

Support on the downside seen at 20-DMA by 114.87, break below will see next support at 114 and then 113.77 (10-DMA).

Hurdles above 116.42 align at 117, 118.10 (June 18 high) and 119.14 (June 20 high).

Good to go long on breakout above 116.42, SL: 114.87, TP: 117/118/119/119.25
Comment: EUR/JPY TP1&2 achieved.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out