MWellerFX
Short

EUR/JPY on Verge of 3-Month Trend Line Break

FX:EURJPY   Euro Fx/Japanese Yen
267 3 1
The EUR/JPY             is testing 3-month bullish trend line support after putting in a lower high last week. If rates can break through this level, it would expose support at 99.50 or 98.00. Risk appetite is clearly bearish , with U.S. stocks at 1-month lows, which could also pull down EUR/JPY             and lead to a conclusive trend line break .
Followed.
Reply
Agreed.
Reply
MWellerFX - another angle to look at thsi. 100 price level is a major psychological and technical support level. If it can break through 100, we could see this drop down to the around 98.00 (which is the 61.8% retracement of the last major upswing). If we see it bounce off 100 again or breaks above this upper trned line, we could see a climb all the way up to 110.00 (which is the 161.8% extension). Happy Trading
snapshot
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out