The EURJPY price went down last few days and getting close to the major resistance level at 130.60. This is the area, where the most buying orders are expected to be placed. Moreover, the sellers will lock their profits, which will push the price up as well. Also, the price completed the cypher pattern formation. This increases the probability of this setup to go long.
T1 – 38.2%
T2 – 61.8%
T1 – 38.2%
T2 – 61.8%
Related publications
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.
Related publications
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.