The EURJPY is having difficulty breaking above the 129.00 level, but the 55 and 200 day EMAs around the 130.00 level could act as resistance. To the downside, the 128.14 level may act as support.
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long eur/jpy, gbp/jpy, usd/jpy 11 replies
.SI4 for GBP/JPY & EUR/JPY 403 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
Does the gbp/jpy eur/jpy follow the DOW? 8 replies
DislikedThe EURJPY is stuck between the 200 week EMA at the 128.14 level and the 129.00 zone. The pair has been vert volatile on a daily basis, but it has no clear direction.Ignored
DislikedOn Daily timeframe we have a potential head&shoulders formation wich could lead to a breakout downside. 4h timeframe reveal aggresive sellers into the Right shoulder(unconfirmed since the neckline isn't broken) by making a shaaarp decline through 2 previous Higher Lows. Trading Market participants actions is similar with following the trend. In this case, because we have LL on Daily timeframe, we try to anticipate a new LH wich can be the right shoulder. Selling at the breakout of support on 4h is the next logic step to follow the Market maker moves....Ignored