EURJPY is at a critical point. With the BOJ scheduled on Thursday we are therefore on wait and see mode to see what will happen before committing any capital to EURJPY. However, we have mapped out a couple of strategies to capitalise on.
A daily close below 127.900 below the rising trend line may sink the pair and take it southwards.
Target 1 @ 126.758
Target 2 @ 125.004
On the fliped side, a daily close within the triangle formation could gather momentum for the pair and push it further to 129.00
A daily close below 127.900 below the rising trend line may sink the pair and take it southwards.
Target 1 @ 126.758
Target 2 @ 125.004
On the fliped side, a daily close within the triangle formation could gather momentum for the pair and push it further to 129.00
Trade active
Trade entered at 128.106Stop Loss @ 128.500.
Trade active
Trade Stop Loss moved to Entry Price @ 128.106............Trade Risk free now as we roll to Target 1
Trade active
First target achieved @ 126.758Trade closed: target reached
Trade closed........ second target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.