EUR/JPY breaks below 100-DMA, good to short rallies
EUR/JPY has broken below major moving averages and is trading with a bearish bias.
Momentum has turned bearish, RSI has slipped below 50 level and Stochs have turned lower from overbought levels.
The pair has broken below 100, 50 & 20 DMAs at 114.46, 114.34 and 114.32 respectively.
Major support levels - 113.81 (Sept 7 low), 113, 112.61 (Oct 21 low), 112 (channel base)
Major resistance levels - 114.32 (20-DMA), 114.46 (100-DMA), 114.76 (session high)
Good to go short on rallies around 114.40/55, SL: 115, TP: 114/ 113.80/ 113/ 112.60
Momentum has turned bearish, RSI has slipped below 50 level and Stochs have turned lower from overbought levels.
The pair has broken below 100, 50 & 20 DMAs at 114.46, 114.34 and 114.32 respectively.
Major support levels - 113.81 (Sept 7 low), 113, 112.61 (Oct 21 low), 112 (channel base)
Major resistance levels - 114.32 (20-DMA), 114.46 (100-DMA), 114.76 (session high)
Good to go short on rallies around 114.40/55, SL: 115, TP: 114/ 113.80/ 113/ 112.60
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.