Price Action signals the recovery of the EUR/JPY currency pair after a protracted consolidation. A classic "Outside Bar" pattern (H4 timeframe), which currently acts as a reversal formation, has been formed near the key demand zone of 127.500-127.750. The EUR/JPY quotes are testing the local resistance of 128.400. We recommend paying attention to this situation.
If the price fixes above 128.400, one should consider buying EUR/JPY. The immediate goal for profit taking is the offer zone of 129.000-129.300. In the medium term, the EUR/JPY currency pair may reach 130.000-130.500. When tracking positions, we recommend using a trailing stop.
by , 2018.12.20
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.
Abrir cuenta