TheBanker
Short

EURJPY Trading Tips and Market Analysis 4th July 2016

FX:EURJPY   Euro Fx/Japanese Yen
8 months ago
SUMMARY:
The EURJPY             pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish . The primary trend of EURJPY             is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 115.50 Support at the level of 113.28. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

STRATEGY:

EURJPY             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

Likes and comments much appreciated here guys, thanks.


http://www.tradingsignalreviews.com
8 months ago
Trade closed: target reached
8 months ago
Comment: Congratulations
TheBanker PRO
8 months ago
pipcity
Reply
Cooke
8 months ago
Lobster slayer strikes again!
+1 Reply
TheBanker PRO Cooke
8 months ago
hahahahahaha
Reply
crncy PRO
7 months ago
JPY weakness ahead? EUR/JPY GBP/JPY long idea.
Reply
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