Euro / Japanese YenShort
💱 EURJPY - Breakout of trend support. Market panic
EURJPY breaks trend support and prepares to fall. The local trend may change amid JPY intervention and EUR weakening
TA on the high timeframe:
1) Strong bullish trend.
2) Support area retest
TA on low timeframe:
1) Price breaks trend support
2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29.
3) If 158.29 is broken, the price will head towards 157.06.
Key resistance: 158.92
Key support: 158.29
TA on the high timeframe:
1) Strong bullish trend.
2) Support area retest
TA on low timeframe:
1) Price breaks trend support
2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29.
3) If 158.29 is broken, the price will head towards 157.06.
Key resistance: 158.92
Key support: 158.29
❤️ 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.