Eurjpyforecast
EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
Looking really interesting, EURJPY pushed you above the counter trend line and nearly tapped the outter trend line. I am anticipating that we climb up a bit more and get a clean rejection off that outter trend line then melt down to 118.50 that being said the markets are moving a bit unpredictable so I am staying adaptable.
EURJPY has potential to go down for 200 pips!price manage to breakout uptrend channel and pushed price down after testing trendline resistance for the second times, we might have a chance to open short position if seller continue to push price to visit the 117.20 support level, you can use smaller timeframes for entries. good luck!
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Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX
EURJPY is positioning to our LONG ENTRYAs we said yesterday, the value is now accumulating in our Key Level before the long entry in the value, we can also see a big zone of demand under our KL, a 50% of fibo that has been retested 2 times, so we have now 3 confluences to the long entry in the value. We will now wait a confirmation before the entry.