Technicals

Add as a preferred source on Google

FxWirePro- EURJPY Daily Outlook

EURJPY showed a minor pullback with intraday bias remaining neutral. It hit a low of 156.15 at the time of writing and is currently trading around 156.47. Technicals- The pair trades below 34- and 55 EMA in the 4-hour ch…

1 min read
FxWirePro- EURJPY Daily Outlook
Image from the original EconoTimes article

Read the original article

EURJPY showed a minor pullback with intraday bias remaining neutral. It hit a low of 156.15 at the time of writing and is currently trading around 156.47.

Technicals-

 

The pair trades below  34- and 55 EMA in the 4-hour chart.

 

The near-term resistance is around 157.15, a breach above targets 157.59/158.35. Overall bias remains weak as long as resistance 160 holds—major bullish continuation only above 163.87.The immediate support is at 156, any violation below will drag the pair to 155/154.20 (161.8% fib)/153.

 

Indicator (4- Hour chart)

 

CCI (14)- Bullish

 

CCI (50)- Bearish

 

Average directional movement Index - neutral All indicators confirm a mixed trend.

 

It is good to sell on rallies around 156.78-80  with SL around 157.50 for a TP of 154.90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560