fxtraderkristina

๐Ÿ“Œ Potential BUY setup for: EUR/JPY

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FX:EURJPY   ื™ื•ืจื• / ื™ื™ืŸ ื™ืคื ื™
๐Ÿ‘ฉ๐Ÿฝโ€๐Ÿ’ปTechnical: The monthly and weekly time frames for EUR/JPY are showing bullish signs, with the MAs of 20/50 and 200 trending below. However, on the daily chart, the price is currently experiencing a pullback, indicating potential bearish pressure. The 1-hour consolidation further confirms the current market situation for EUR/JPY.

๐ŸŽฏ For an ideal entry: You should wait for the price to push higher and break through the resistance zone, also breaking the 4-hour moving average of 20.

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