⭐️Key Takeaways⭐️
✔️ Double Top discredited
✔️ JPY GDP figures at the Sunday open
✔️ Significant Resistance Level at $125
⭐️Technical Analysis⭐️
EURJPY managed to establish a new higher high on Friday and hold onto those gains. Next upside level of resistance is around the 125 handle. If on the other hand the pair is able to develop lower lows, a retest of the ascending support should be considered. A break below the ascending support could expose the 200SMA on the daily chart for the next level of support.
Regards,
Michael Harding
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
✔️ Double Top discredited
✔️ JPY GDP figures at the Sunday open
✔️ Significant Resistance Level at $125
⭐️Technical Analysis⭐️
EURJPY managed to establish a new higher high on Friday and hold onto those gains. Next upside level of resistance is around the 125 handle. If on the other hand the pair is able to develop lower lows, a retest of the ascending support should be considered. A break below the ascending support could expose the 200SMA on the daily chart for the next level of support.
Regards,
Michael Harding
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
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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.
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.