Euro / Japanese Yen
Long
Updated

EURJPY Is Bullish! Long!

178
snapshot
Take a look at our analysis for EURJPY.

Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 170.021.

Considering the today's price action, probabilities will be high to see a movement to 170.485.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!
Note
I evaluated the trade and decided to keep it running!
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.