Euro / Japanese YenUpdated EUR/JPY at crucial level, big move incoming
Hello traders and the entire tradingview community! EUR/JPY is currently
in a squeeze. The squeeze is getting narrower, which means there will be
a big movement very soon.
Whether the move happens to the upside or downside depends on the price
action around the 100-hour moving average.
If you see a strong bullish candlestick that breaks above the 157.20 level, we
can expect a bullish move. However, if we see a strongly bearish candle around
the 157 level, expect price to drift lower and reach the 153 level again.
in a squeeze. The squeeze is getting narrower, which means there will be
a big movement very soon.
Whether the move happens to the upside or downside depends on the price
action around the 100-hour moving average.
If you see a strong bullish candlestick that breaks above the 157.20 level, we
can expect a bullish move. However, if we see a strongly bearish candle around
the 157 level, expect price to drift lower and reach the 153 level again.
Note
As expected, price has broken out of the squeeze area
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.
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.