Eurjpysell
Monday Update for EURJPYANALYSIS ON EURJPY
Welcome to my analysis
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1Hr Chart
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Interesting Point of interest In the EURJPY pair.
- Price above 200 day EMA on 1hr chart.
- Watch breakout of red line for buy signal.
- MACD showing bullish divergence on 15min time frame.
- Price should test around 119.00.
Expecting more move to the upside for now.
Stay Tuned
#EURJPY, The trend will continueAs you can see in the graph above, the eurjpy has been tracking the Ichimoku cloud precisely, for 3 months now that eurjpy has failed to rise above the cloud and any approach to the cloud is causing a fall.
Because of the above things, we recommend a Sell signal.
Target: 116.10
EURJPY approaching support, potential for a bounce!
EURJPY is expected to drop to 1st support at 116.850 where it could potentially react off and up to 1st resistance at 118.093.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY bounced from support, potential for a further rise!
EURJPY bounced off 118.500 where it could potentially rise further to 120.500.
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EURJPY approaching resistance, look out for potential reversal!
EURJPY is approaching its resistance at 119.300 where it is could reverse down to its support at 117.750.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY to reverse from downside confirmation, potential drop!
EURJPY to reverse from its downside confirmation at 116.280 where it could potentially drop further to 115.822.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.