EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 121.515 where it could potentially drop further to 119.893.
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Eurjpyprediction
EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 121.350 where it could potentially drop further to 120.013.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
EURJPY - SELL at Top - Dont Miss It.ANALYSIS ON EURJPY
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the EURJPY pair.
- Price above 200 day EMA.
- Expecting more move to the downside.
- MACD showing bearish divergence.
Sell at top, we should see move to around 120.000 zone.
Stay Tuned
EURJPY potential reversal!
EURJPY expected to rise up to 1st resistance at 121.350 where it could potentially react off and drop down to 1st support at 120.013.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
EURJPY Market Outlook | Alchemy FX Weekly Breakdown.EURJPY
YEN showing weakness last week. EJ showing that we could have a possible change in trend coming. We need to watch the YEN closely. I believe we could see some downside movement then I will be looking for EJ to make a higher low to possible continue to the upside. Time will tell, decent amount of news with the Euro this week.
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EURJPY potential reversal!
EURJPY expected to rise up to 1st resistance at 121.350 where it could potentially react off and drop down to 1st support at 120.013.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Monday Update for EURJPYANALYSIS ON EURJPY
Welcome to my analysis
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1Hr Chart
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Interesting Point of interest In the EURJPY pair.
- Price above 200 day EMA on 1hr chart.
- Watch breakout of red line for buy signal.
- MACD showing bullish divergence on 15min time frame.
- Price should test around 119.00.
Expecting more move to the upside for now.
Stay Tuned
#EURJPY, The trend will continueAs you can see in the graph above, the eurjpy has been tracking the Ichimoku cloud precisely, for 3 months now that eurjpy has failed to rise above the cloud and any approach to the cloud is causing a fall.
Because of the above things, we recommend a Sell signal.
Target: 116.10
EURJPY approaching support, potential for a bounce!
EURJPY is expected to drop to 1st support at 116.850 where it could potentially react off and up to 1st resistance at 118.093.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.