EURJPY Neutral status 22/01/2021
Updated
here we have 2 scenarios of Bullish and bearish,
the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD,
so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side
personally I am bearish on it but as I said there are risk on this side too
we have specified some Support and Resistance levels where you can target
for bearish we can target the intersection of our trend lines which is at 123.66
please comment your opinion for us
I apologize for the messy chart... :)
the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD,
so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side
personally I am bearish on it but as I said there are risk on this side too
we have specified some Support and Resistance levels where you can target
for bearish we can target the intersection of our trend lines which is at 123.66
please comment your opinion for us
I apologize for the messy chart... :)
Trade closed: target reached
bullish scenario target reached
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