EURJPY is forming a flat. The wide range allows to accumulate enough liquidity before a further surge in the impulse format.
TA on the high timeframe:
1) False break of support 154 forms a strong momentum that breaks several local resistances
2) Price passes the key liquidity area of 155-156 and aims for 158
TA on the low timeframe:
1) A break of 156.789 gives new potential for the price
2) Locally we have a bullish trend. Consolidation above 156.789 will give a good entry point for buying.
3) In terms of outlook, I expect growth from 156.789 to the nearest liquidity zone
Key support📉: 156.789
Key resistance📈: 157.93
TA on the high timeframe:
1) False break of support 154 forms a strong momentum that breaks several local resistances
2) Price passes the key liquidity area of 155-156 and aims for 158
TA on the low timeframe:
1) A break of 156.789 gives new potential for the price
2) Locally we have a bullish trend. Consolidation above 156.789 will give a good entry point for buying.
3) In terms of outlook, I expect growth from 156.789 to the nearest liquidity zone
Key support📉: 156.789
Key resistance📈: 157.93
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
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.