forextamil

EURJPY: Looking for an immediate Halt.

FX:EURJPY   Euro / Japanese Yen
Hello traders,

In a day time-scale, the EURJPY attempting a pullback action after the support line breakthrough. The 130.0 will be the checkbox for the price range in order to justify the pullback action. In case the pair rises past-130.85 on a daily closing basis, the 131.40 & 132.00 are likely following numbers to appear on the chart. However, a downward slanting TL, at 133.10, might restrict the pair's upside beyond 132.00.

On the contrary, a D1 close beneath of 129.35 can flash 128.50 and the 128.00 as quotes while 127.00 & 126.30 could please sellers then after. Assuming the Bears refrain to respect the 126.30 marks, chances of witnessing 125.00 and the 124.60 can't be denied.

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