Subscribeprice for the third time trying to overcome the resistance of 96.40, and again went on a retreat, I think above this level will not rise today, the course also moving line Ching-Span (Ichimoku) shows a reversal in the south.
Thread: Eur/Jpy
price for the third time trying to overcome the resistance of 96.40, and again went on a retreat, I think above this level will not rise today, the course also moving line Ching-Span (Ichimoku) shows a reversal in the south.
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Today there was a retreat in a southerly direction on the resistance of 96.36, the pair is adjusted after yesterday's strong growth, the southern end of the wave and continuing growth in the north, I expect the level of 95.22.
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the most likely scenario
the pair can move up to test the 1st resistance on 95.33
alternative scenario
the pair can move down to test the 1st support on 95.02
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EURJPY M15 - PENNANT - BULLISH PENNANT
LONG AND LEVEL TO TAKE PROFIT IS 96.3
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Look for a cs reversal pattern to go short if the price cannot break this resistance.
If breakout, wait for a pullback for a safer entry..
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EUR/JPY is currently into a bearish rally. The pair is now below the lower band of its medium term bearish channel
. A pullback on this line as resistance seems possible.
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The EURJPY on still look bearish . this pair must break first to that Low Fibo 94.10 = break from top. So, as long as the price still can not break that strong Low Fibo 94.10 = the sideways with more probably pullback bulls
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EURJPY this pair is now in down direction and taking support i think trader can give buy or can take long position because i think price will go up directing within this month but i scalping trader can get more profit from this market use this strategy.
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For intraday trader :
Max EURJPY can fall to 94.407.
Hunt for cs reversal pattern to go long at this area...
---------- Post added at 06:49 AM ---------- Previous post was at 12:51 AM ----------
Resistance for EJ ( short term) is at 95.219.
Careful!
Always wait for reversal confirmation from cs pattern[COLOR="Silver"]
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