Euro / Yen JepunPanjang
EurJpy- Up after support confirmation?
After the break above 144 resistance in the middle of the month, EurJpy corrected and confirmed this break as a valid one on Friday and also yesterday.
Both these touches of support are marked by long-tailed candles to the downside suggesting buying power in that zone.
The price action since June is contained in a large inverted h&s and the up break is also a break of the neckline of this pattern.
I favor more gains for this pair and, considering the measured target of the H
S, 154 could be swing traders' target.
Only a close under 144 would put a pause to this scenario.
Both these touches of support are marked by long-tailed candles to the downside suggesting buying power in that zone.
The price action since June is contained in a large inverted h&s and the up break is also a break of the neckline of this pattern.
I favor more gains for this pair and, considering the measured target of the H
S, 154 could be swing traders' target.Only a close under 144 would put a pause to this scenario.
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.