FX:EURJPY   Euro Fx/Japanese Yen
903 11 17
This is a quick view on the EURJPY             pair, the price has hit a key long term support at 136.22 in addition to the support for the main falling channel. We might see the bounce extend further towards the shaded resistance area. However, watch carefully if we reach there, as we might see renewed bearish pressures and potential shorting opportunities. A break back above that area may extend the bullish rebound towards the main descending resistance for the channel.

Note that Taking back 136.22 support level would be seriously bearish .

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My best regards,
Technician
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ

Related Ideas

mattteuschel
2 years ago
I really enjoy your charts. You've posted some great opportunities. Keep 'em coming! Thanks.
Reply
Technician TOP mattteuschel
2 years ago
Thank you, best of luck to you.
Reply
DerekUweri71
2 years ago
Good set up. Inverted Head and Shoulder on the 4hour chart. What is your trigger for entry ?
Reply
Technician TOP DerekUweri71
2 years ago
Actually, this was just an analysis, not willing to long. Maybe if i see nice candle setup i would.
Reply
DerekUweri71
2 years ago
Not willing to take such a good set up??
Reply
Technician TOP DerekUweri71
2 years ago
Well, i have other positions running :). so i am waiting for now.
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DerekUweri71
2 years ago
Ok. I have a couple of positions open also but the EurJpy seems too good a setup to miss. It is 1 am in the UK right now so I will look at it first thing in the morning and hopefully it's not too late. I would also know how my audusd performed.
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Technician TOP DerekUweri71
2 years ago
Then good luck to both of us.. :)
Reply
Technician TOP DerekUweri71
2 years ago
Market is pretty slow today
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I really liked this analysis Iwill be following it I wish you luck
Reply
tuamen
2 years ago
Nice clean chart mate and good short set up from mid channel. Even though we are divergent I am too late for the long trade. Thanks for posting your ideas.
Reply
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