EUR/JPY ANALYSIS WEEK 7/1/2018
Price Will Either Retest 1.128812 and the continue its Bullish
Momentum creating a long position with price action towards
129.817 where minor resistance is located. If this resistance is broken the market will continue to 130.052
On the other hand.If price breaks the L3 Demand Zone, we can expect the bears to regain control
pushing price in a downwards momentum
towards Last weeks L3 Demand Zone.Price will reach a minor
support zone at 128.314. A break of this support will continue
a bearish momentum for a final take profit at 127.811
Wait for price action before activating any trades and be
sure to use a proper risk management system.
Momentum creating a long position with price action towards
129.817 where minor resistance is located. If this resistance is broken the market will continue to 130.052
On the other hand.If price breaks the L3 Demand Zone, we can expect the bears to regain control
pushing price in a downwards momentum
towards Last weeks L3 Demand Zone.Price will reach a minor
support zone at 128.314. A break of this support will continue
a bearish momentum for a final take profit at 127.811
Wait for price action before activating any trades and be
sure to use a proper risk management system.
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