Here are 4 near-term opportunities for EURJPY.
There is a strong uptrend on the 4hr mirroring the bull run shown on the Daily time frame. I believe price will continue to ascend before it reaches the monthly descending resistance shown in blue at the top of the chart.
Today I will be watching out for an opportunity to buy on the 125.5 support, with a target area of 126.75-127.5. Alternatively, price could break through the support in which I would look for an opportunity to sell on a pullback with a target area of 124.3.
However, considering the possibility that price doesn't even touch the 125.5 support and ascends straight to the 165.75 resistance, there are 2 more possibilities of direction displayed on the chart.
There is a strong uptrend on the 4hr mirroring the bull run shown on the Daily time frame. I believe price will continue to ascend before it reaches the monthly descending resistance shown in blue at the top of the chart.
Today I will be watching out for an opportunity to buy on the 125.5 support, with a target area of 126.75-127.5. Alternatively, price could break through the support in which I would look for an opportunity to sell on a pullback with a target area of 124.3.
However, considering the possibility that price doesn't even touch the 125.5 support and ascends straight to the 165.75 resistance, there are 2 more possibilities of direction displayed on the chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.