Euro / Yen Jepun
Panjang

EURJPY 4hour Analysis January 16th, 2021

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EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: Looking very bullish here on EJ although we did see a fairly large pullback to 130.000 support.

From this level we’re looking for strong bullish candles to reject off support which could present a slightly aggressive entry opportunity.

For a more conservative buy entry wait for a higher low to form above 131.350. Target higher toward key resistance levels if this happens.

Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.000. Look to target lower toward key support levels if this happens.

Penafian

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