The current technical pattern signals a possible correction of the EUR/JPY currency pair after continuous growth. A classic reversal formation, the divergence of price and MACD histogram (H1 timeframe), has been formed in the trading instrument. At the moment, the EUR/JPY quotes are stable. The round level of 121.000 is the nearest support. We recommend paying attention to this situation.
If the price fixes below 121.000, EUR/JPY sales should be considered. The immediate goal for profit taking is 120.550. The movement is tending to 120.150-119.700. Confirmations and market entry points should be looked for on lower timeframes. When tracking positions, we recommend using a trailing stop.
by 2019.10.21
Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.
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