EURJPY consolidates around 117.6 structure support setting lower highs.
if bears break below a key support, we can expect bearish continuation to lower structure level 116.1.
*Stop to breakeven when the market reaches 117.0
Signal ID: 67600
Time Issued: Tuesday, 20 August 2019 06:17:15 GMT
Entry: 117.819 - 118.097
Stop Loss: 118.447
The Breakout Opportunities system has just sold EURJPY at 117.98. The system recommends entering this trade at any price between 117.819 and 118.097. The signal was issued because the EURJPY has broken its 24-hour low while...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.05.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=117.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The EUR/JPY on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 118.00 on 20 August. Bears are pushing the price lower after a weak recovery attempt. The price action in the EUR/JPY is mainly driven by the weakness in the Euro. As of writing, the price is hovering around 118.020 as bulls are struggling to make...
Lower time frame new price action are showing the possibility of price rising to around the 119 price area. The potential setup remains valid above the 117.68 price area.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can...
The Euro continues to look very soft against the Japanese yen, and on the weekly chart you can see that we give up gains every time we try to rally. There had been a gap in this general vicinity previously and it now looks as if we are hell-bent on breaking through it. If we do, this market could break down rather significantly as we would be well below the 61.8%...
Brake in trend line, then a retest back to the trend line and aligned with fundamentals which confirms Banks closing out majority making the market bearish. Possible sell about 600 pips. Disclaimer
Euro advanced Monday against the yen after a week of turmoil. The expectations of the fiscal stimulus from Germany and announcement form China central bank over the weekend to cut corporate lending costs pushed up markets and improved risk sentiment. Japanese yen was weighed by the worse-than-expected data. Japan Ministry of Finance reported Exports fell 1.6% in...