EURJPY technical analysis

EURJPY technical analysis

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Technical analysis

After reached a lows at 119.250, EURJPY has bounced up to our  detected support zone at 120.000 and now that pairs is heading up northward. In this diagonal pattern, we still have the developed 3rd wave intact, so that expected price zone to be reached is seen at around 123.000 handle. Trading strategy for EURJPY will be remained for long for a middle term. Stop loss area just put below the current mentioned lows at 119.250. For profit taking, keep watching firstly for the 121.200 handle, in case it broken up, then move the stop loss to break-even and partial profit taking should be taken.


 

Take your look at the depicted chart for more info:


Trade well!

Tradingscenes team