Eurjpy seems to have finished the retracement and touched the ST.
This gives the opportunity for a low risk long trade.
Limit Entry 1.2051
SL 119.50
TP 123.51
This is not an investment advice.
Seems that the pair has found a short term bottom and a H&S pattern is being created. Neckline is around 114.25 . If that break then a rise to 117.20 is very likely.
The pair has found support in the 20 ma. This indicates that the retracement has been concluded and a new rise is about to begin . Go long at 1.1130 sl 1.1030 and target 1.1376
Tomorrow's UK data will give a nice boost to the cable. I expect to rise around 1.4550-1.4600 as long as it dowesnt have an hourly closing below 1.4350. This is a short term strategy . In the long term i remain bearish for this pair
In the 4h chart seems to have a short term top. around 1.1375 . I expect the pair to retrace further in the beginning of this week . Looking to buy dips around 1.11 and below with target 1.1450 and 1.1500 and sl 1.09
The pair is swinging nicely taking advantage of the strong euro . it has created a nice uptrend channel and seems to be ready to retest 1.60 and then 1.6255 .Technical indicators are bullish with macd getting ready to give a new buy signal.As a result i like to go long with sl 1.55 and target 1.60 and then 1.6250 .
After last week's break of the range the pair is targeting 1.13-1.1429 . As a result i will buy the dips around 1.1072-1.1050 with sl 1.0925 and target 1.13 and 1.1420
