FxWirPro-EURJPY forms a Bullish BAT Pattern, good to buy on dips
Harmonic pattern- Bullish BAT Potential Reversal Zone (PRZ)- 155.45-50 Technicals- The pair trades below 34- and 55 EMA in the hourly chart. The near-term resistance is around 156, a breach above targets 156.56/157/157.6…
The pair trades below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 156, a breach above targets 156.56/157/157.60. Overall bias remains weak as long as resistance 160 holds—major bullish continuation only above 163.87. The immediate support is at 155.50 any violation below will drag the pair to 154.40/154.
Indicator (1-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - Bearish. All indicators confirm a mixed trend.
It is good to buy on dips around 155.58-60 with SL around 154.90 for a TP of 157.40.
