EURJPY The EUR/JPY pair remains steady, close to the 154.50 area at the start of the European session., the crossover is below the 100 Hourly Exponential Moving Average (EMA) with a downward slope, indicating the line Going with least resistance is going down.According to the one-hour chart, EUR/JPY will hit an initial support of 153.45 (July 12 low) en route to 153.00, indicating a psychological roundabout. A decisive break below the mentioned level will reveal 151.00, the round-up and the high of May 29.
On the downside, any meaningful follow-up buying past 154.95 (100-hour EMA) will challenge the next hurdle near 155.30 (July 10 low), followed by 155.85 (low of July 6). Further north, the diagonal will see a rally to 156.70, which was the high of July 10.
The relative strength index (RSI) holds above 60, indicating a bullish zone and the pair is more likely to rise.
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Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
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.