The pair touched the resistance of the descending channel at 111.40 and reversed slightly, where tranquility dominates the markets. Therefore, our morning scenario is activated and supported by negativity on stochastic.
Thread: Eur/Jpy
The pair touched the resistance of the descending channel at 111.40 and reversed slightly, where tranquility dominates the markets. Therefore, our morning scenario is activated and supported by negativity on stochastic.
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Mureedabbas (2019-03-14)
A clear break below that area could lead price to a neutral zone in nearest term testing 111.00 – 110.50. A clear break back below 110.50 would keep the bearish scenario remains strong retesting 109.45.
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Mureedabbas (2019-03-14)
If a M15 close above 112 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 111 sell only and do not buy. If price closes back above it again do nothing
The range 112 and 111.00 is neutral area, any trade done in between is personal decision and not part of this analysis
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Mureedabbas (2019-03-14)
the chart is showing that the pair has closed it's daily candle under the level of 112.00 , and that's mean that the down trend is still standing and the pair might reach 111.40 and then 111.00
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Mureedabbas (2019-03-14)
the pair has stated it's trading week above the level of 110.50 and that's mean that the up trend is expected this week and the pair might head to 111.00 and then 111.40
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Mureedabbas (2019-03-14)
If a M15 close above 111.80 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 111.00 sell only and do not buy. If price closes back above it again do nothing
The range 111.80 and 111.00 is neutral area, any trade done in between is personal decision and not part of this analysis
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Mureedabbas (2019-03-14)
It is more likely to go down to around 108.00 or lower, and after that, it might have potentially to go up to around 112.00
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Mureedabbas (2019-03-14)
the EURJPY dropped to 10900 and the next leg is probably underway towards the 100% extension at 11200. Exceeding that level would target the short term channel line
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Abubakar 148 (2020-08-20), Mureedabbas (2019-03-14)
as it shown the pair trading in between an up channel and the pair could close a bearish candle under ema50 line. any close under the down line of the up channel might be a sign for reversal
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Abubakar 148 (2020-08-18), Mureedabbas (2019-03-14)
Mureedabbas (2019-03-14)
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