EURJPY- EuroJen Forex Pair - Idea I EURJPY
12M: bullish with targets at:
169 → yearly high
174-180 → grey Zone (38,61ext.)
and 187 → yearly high
→ grey zone possible reversal
Quarterly: Bullish Candle closing at the highs
→ close to grey zone, Stochastic at 97
→ bit careful with bullish trades here since Bears might show at 174
Monthly: Pin Bar but poor results. Sentiment is turning from bullish to neutral- bullish since we are seeing a Ascending triangle forming. The triangle is pointing towards the 187 yearly target. A bullish trendline is in place so only bullish trades are taken until the trendline is broken…
→ Stochastic is OB
→ break of triangle might be volatile and intersting to trade
3D: no sign of weakness yet.
All above mentioned Zones will be monitored for possible Signals.
Thanks for reading
