EURJPY Technical Overview: Levels to add short
Our previous EURJPY trade reached its second target and generated 100 pips so far.
Latest Germany Factory Orders data is showing that the industrial slowdown continues in Eurozone. Safe haven assets are getting demand.
EURJPY is trading below EMA 50 on the H4 chart and testing the Ichimoku Cloud support. The pair is likely to test 124.600.
Breakout of the zigzag trendline will trigger the bearish move. Estimated breakout level is 124.400.
Targets of the pair will 123.830, 123.420 and 122.650.
Have a nice day!
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Latest Germany Factory Orders data is showing that the industrial slowdown continues in Eurozone. Safe haven assets are getting demand.
EURJPY is trading below EMA 50 on the H4 chart and testing the Ichimoku Cloud support. The pair is likely to test 124.600.
Breakout of the zigzag trendline will trigger the bearish move. Estimated breakout level is 124.400.
Targets of the pair will 123.830, 123.420 and 122.650.
Have a nice day!
If you find this post useful and like to get the updates please leave a like or comment.
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