EURJPY Flat
EURJPY has been in a longer term uptrend.
Sentiment continues to be bullish , with price well above the Kumo, and Chikou Span in clear open space.
Within the last 2 weeks the remaining 4 Ichmoku lines have become flat, suggesting the pair is about to enter consolidation.
Price in the current uptrend has made corrections when volatility > 2.5 ATR. Such is the case for the present weekly close.
Major Resistance lies above
1. The Fib Equal Extension of the major swing low of Feb 2022 = 1.4390
2. The Swing high of 2013. = 1.4470
What will the following week bring ?
It would be reasonable to expect consolidation of price below 1.4470 .
After this. price retesting the short term equilibrium of 138.50
Sentiment continues to be bullish , with price well above the Kumo, and Chikou Span in clear open space.
Within the last 2 weeks the remaining 4 Ichmoku lines have become flat, suggesting the pair is about to enter consolidation.
Price in the current uptrend has made corrections when volatility > 2.5 ATR. Such is the case for the present weekly close.
Major Resistance lies above
1. The Fib Equal Extension of the major swing low of Feb 2022 = 1.4390
2. The Swing high of 2013. = 1.4470
What will the following week bring ?
It would be reasonable to expect consolidation of price below 1.4470 .
After this. price retesting the short term equilibrium of 138.50
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.