View EUR/JPY (17 Jan 2019)
After a 600 pips crash, here comes a stand-still.
JPY pairs are trying hard to find a footing.
Thus, it causes EUR/JPY into a major sideway mode.
In the mid-term, the level such as 126.2 or 127 shall act as strong resistant if the price ever touches them.
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Looking ...
Describiendo lo que podria ser un interesante movimiento de este par menor.
Ubicando todas las posibles confluencias para formar inclusive un interesante patron armonico para llevarnos a buenas ventas .
Hello Traders,
The paire is already in down trend, i'm expecting a free fall after completing this sideway pattern.
Never expose more than 1% of your capital to the market.
Best Regards.
It's not yet finally decided but the falling tendency since 9th January and its confirmation since Tuesday makes it more likely that we will take the last support within the next few hours.
Possible 2nd round of upmove if support holds ?
Will look for long if a favorable candle show up at the support zone
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You ...
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the Eurozone debt crisis and from the Bank of Japan’s anti-deflation policy efforts introduced in 2013.
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