Euro / Japanese YenUpdated EUR/JPY Weekly Outlook 27/1/2020 to 31/1/2020
Forex Weekly Outlook 27/1/2020 to 31/1/2020
Pair : EUR/JPY
Weekly - Still in major downtrend movement since Jan'18.
Reject the same minor resistance past for two weeks
Daily - Multiple rejection on the top and
bottom Resistance & Support area. Break
and bounce scenario at the lower weekly uptrend channel
H4 - Complete Head & Shoulders pattern.
Waiting for B/O of this pattern/support.
Potential big downward move if B/O happen
with potential B/O from the weekly
uptrend channel as well. Target TP as the same high of the
Head & Shoulders Pattern
To do : Wait for price action at support area
Gambate!!
Pair : EUR/JPY
Weekly - Still in major downtrend movement since Jan'18.
Reject the same minor resistance past for two weeks
Daily - Multiple rejection on the top and
bottom Resistance & Support area. Break
and bounce scenario at the lower weekly uptrend channel
H4 - Complete Head & Shoulders pattern.
Waiting for B/O of this pattern/support.
Potential big downward move if B/O happen
with potential B/O from the weekly
uptrend channel as well. Target TP as the same high of the
Head & Shoulders Pattern
To do : Wait for price action at support area
Gambate!!
Note
27.01.2020 Monday 8am :1. PO Sell at 120.500/600 area
Note
28.01.2020 Tuesday 9am :1. Adjust PO Sell to 120.200/300 area
tradingview.com/chart/ki5cHdov/
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