Watching EURJPY for a longer term play anticipating a break of the consolidation zone.
Price has been on a run since March 7th so there is potential for a small retracement in price below 134.700 before further continuation higher. That 134.700 level + 1 ATR would be a my stop position on a positive break of the range here too. Downside move stop would be ATR above 136.000 whole number.
136.500 - 137.000 has been a key selling point for price action which as struggled to get much footing. If price moves into this zone on a break be very careful if volume starts to pick up. Once the level breaks however there could be a large upside.
As always we'll be using our Average Daily Range tool to plot potential intra-day moves if we layer in bids on the break.
Price has been on a run since March 7th so there is potential for a small retracement in price below 134.700 before further continuation higher. That 134.700 level + 1 ATR would be a my stop position on a positive break of the range here too. Downside move stop would be ATR above 136.000 whole number.
136.500 - 137.000 has been a key selling point for price action which as struggled to get much footing. If price moves into this zone on a break be very careful if volume starts to pick up. Once the level breaks however there could be a large upside.
As always we'll be using our Average Daily Range tool to plot potential intra-day moves if we layer in bids on the break.
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.