Chart pattern analysis can be combined with the CCI 20 indicator. In the case of EURJPY we can make a sell entry because the indicator has finished from the overbought area. Stop loss if the price is above the overbought area, above upperband (+100). Take profit if the indicator drops to the middleband (0) or lowerband (-100).
Some market participants believe the BoJ may change its ultra-loose policy to slow the yen's decline, which is being driven by rising interest rate differentials as the US Federal Reserve embarks on aggressive rate hikes. Among the factors behind the yen's weakness was the widening gap in economic conditions between Japan and Western countries.
I’d like to see a break and retest of this zone, keep it simple and clean
I received my phone call, email and whatsapp regarding my correct prediction that price will reach towards the 118.484 Yen Flash Crash on 3 January 2019. This thread posted on 10th Feb 2020 has make me famous. Some of them call me as 'Market Nostradamus' as my ability that correct to predict the price prediction in a very correct and accurate way. Most of them,...