MWellerFX
Short

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

FX:EURJPY   Euro / 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
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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