EURJPY

The EUR/JPY has formed the two important patterns.We should see a bounce from the zone where the arrows is pointing up.

124.60-70 zone could provide a bounce as V shaped reversal has already made a bounce and now we see a retracement. There is a triple confluence in the lower bottom where the arrow is pointing up. Targets for this move are 125.05 followed by 125.20. Final target is 125.50 as the Full ATR projection is slightly above D H3 that stands at 125.35. Partial profit taking is advised close to important above mentioned levels.

EURJPY

EURJPY

The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD remains pressured near 1.0250 amid renewed USD strength

EUR/USD remains pressured near 1.0250 amid renewed USD strength

EUR/USD remains pressured near 1.0250, undermined by a broad rebound in the US dollar after dismal Chinese data soured sentiment. Growing recession fears in the Eurozone amid the deepening energy crisis weigh down on the euro. 

EUR/USD News

GBP/USD drops towards 1.2100 as US dollar firms up

GBP/USD drops towards 1.2100 as US dollar firms up

GBP/USD is dropping towards 1.2100, as the US dollar rebounds amid a negative shift in risk sentiment amid weak China data. BOE’s Bailey shows readiness for a ‘review’ on UK PM Candidate Truss’ criticism. Critical UK data and Fed minutes are in focus this week. 

GBP/USD News

Gold closes the week above 50 DMA, what’s next? Premium

Gold closes the week above 50 DMA, what’s next?

Gold price is reversing Friday’s rebound above $1,800, as bears return at the start of the week. Buyers appear to lack follow-through upside momentum, as souring risk sentiment revives the US dollar’s safe-haven appeal.

Gold News

Tezos to provide bulls a generous exit before a 15% nosedive

Tezos to provide bulls a generous exit before a 15% nosedive

Tezos Price is hovering above a stable support level after facing an intense rejection. While this foothold is likely to provide harbor, it will not be for long. Investors must prepare for a long squeeze as bears make an elaborate move.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures