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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.