Tradingwithtamil

EURJPY: RESISTANCE CONFLUENCE TRIGGERED PULLBACK.

FX:EURJPY   Euro / Yen Japonais
Hi traders,

An immediate descending trend line activating the EURJPY pullback setup, currently, the market printing the signals @ 129.125. The 128.50 and 128.00 are the rest points for the market attention.
On a daily basis, pair's drop to the 127.10 and then to the 126.35 can't be denied. Moreover, quote's sustained downturn beneath the 126.35 might not hesitate to revisit the 125.00 and the 124.60 supports.

On the contrary, resistance-confluence can escalate the pair's recovery towards 130.40 and the 131.30 but potential run may restrict additional north-run; Should prices continue rallying past-131.35, the 132.00, the 132.90 and the 133.50 could become Bulls' favourites.

HIT LIKE, COMMENT AND FOLLOW FOR MORE PROFITABLE TRADES.

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.