EUR/JPY Intraday Outlook
The minor recovery since early March is fading away against the 38.2% retracement at 132.40. Expect a resumption of the primary down trend over the next hours and days. Trigger for such a move is found at 131.40. Clearing this level generates a renewed sell signal targeting 129.95 (minor) and the main price projection at 129.05.
Maintain initial stops above 132.40.
Intraday trend: negative
Outlook: counter trend fades, down trend resumes
Strategy: short-entry < 131.40
Support: 131.40 / 129.95 / 129.05*
Resistance: 132.40 / 133.40
Outlook cancelled/neutralized above 132.40
EURJPY
Maintain initial stops above 132.40.
Intraday trend: negative
Outlook: counter trend fades, down trend resumes
Strategy: short-entry < 131.40
Support: 131.40 / 129.95 / 129.05*
Resistance: 132.40 / 133.40
Outlook cancelled/neutralized above 132.40
EURJPYNote
Stoploss to break-even @ 131.40Note
Possible Double Bottom, tighten stops to 130.90.Trade closed: stop reached
Trailing stop hit, exit-short with minor profit
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.
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.