Euro / Japanese Yen
Long
Updated

💱 Is it time for the Euro? 💱 InvestMate

577
💱 Is it time for the Euro?

💱 For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels.

💱 Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a bullish attitude.

💱 Target was set on the basis of 2 fibo measurements, the last biggest corrections and the target level is the cluster 1.618, which ideally touches on the round level of 150

💱 The stop was set below today's upward candle.

💱 As a result, the Risk/Reward ratio is 3 times for profit, which in my opinion is a very good result.

🚀 If you like my analysis leave a like and follow my profile 🚀
Note
Beautiful bump! worth watching.
Trade active
Euro pays well 🚀
Note
EURJPY struggles to target

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.