EURJPY is rising towards an overlap resistance, price could potentially reverse from this level and drop towards the support level.
Sell entry is at 161.722 which is an overlap resistance that aligns closely with the 50% Fibonacci retracement.
Stop loss is at 163.451 which a swing-high resistance.
Take profit is at 160.256 which is the overlap support.
High...
EURJPY could continue the downtrend and reverse to the take profit level.
Sell entry is at 160.299 which is a pullback support level that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 161.722 which is a swing-high resistance.
Take profit is at 158.166 is the overlap support.
High Risk Investment Warning
Trading Forex/CFDs on margin...
EURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement.
Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement.
Take profit is at 0.85174 which is a...
EURJPY is rising towards an overlap resistance and could potentially rise higher to our take profit level.
Buy entry is at 160.276 which is an overlap resistance that aligns closely with the 61.8% Fibonacci retracement level.
Stop loss is at 158.510 which is a level that sits below a multi-swing low support.
Take profit is at 161.761 which is a swing-high...
EURJPY is trading close to an overlap support and could potentially break break this level and continue to descend to the take profit level.
Sell entry is at 160.439 which is an overlap support level.
Stop loss is at 161.737 which is a level that sits above a swing-high resistance.
Take profit is at 158.601 which is a swing-low support level.
High Risk...
EURJPY could continue with the bullish momentum and rise to the buy entry level. From there it might rise to the take profit level.
Buy entry is at 159.977 which is a swing-high resistance level.
Stop loss is at 158.590 which is a level that sits under a pullback support that aligns with the 50% Fibonacci retracement.
Take profit is at 161.500 which is an...
EURJPY is on an uptrend, price could continue to rise and break out of the buy entry. From there, it could continue to rise to the take profit level.
Buy entry is at 159.835 which is an overlap resistance level.
Stop loss is at 157.947 which is a level that sits under an overlap support.
Take profit is at 164.273 which is swing-high resistance level.
High Risk...
EURJPY has bounced off the buy entry and is rising to our take profit level.
Buy entry is at 156.573 which is an overlap support level.
Stop loss is at 154.781 which is a level that sits under a pullback support.
Take profit is at 158.311 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk...
EURJPY seems to be forming a higher market structure suggesting a bullish continuation in the near future . I have also marked the 2 last lows consecutively higher inside of the triangle formed on the 2 hour timeframe. For this setup to be valid, we would need a break of the last high at 157.52 to see price go higher to TP1 and TP2. More details in the video...
EURJPY is rising towards a pullback resistance that aligns with the 38.2% Fibonacci retracement. Price could hit the sell entry at 153.874 and potentially reverse to drop lower.
Take profit is at 151.613 which is an overlap support.
Stop loss is at 155.207 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
Please be advised...
