EURJPY Short-term Technical Outlook
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
Price remaining below the spike high and key resistance at 123.86 saw the formation of a lower high and a swift move to the downside, however the 122.2 short-term support remains intact.
A break below such support will send prices toward the lower boundary of the consolidation range.
At this point only a break above the spike high at 123.86 will expose the 124.10 range highs and a potential extension, so further consolidation is expected with dip buyers waiting for a prime opportunity.
I hope this offers some directional clarity on this pair.
Enjoy!
Good evening traders!
Price remaining below the spike high and key resistance at 123.86 saw the formation of a lower high and a swift move to the downside, however the 122.2 short-term support remains intact.
A break below such support will send prices toward the lower boundary of the consolidation range.
At this point only a break above the spike high at 123.86 will expose the 124.10 range highs and a potential extension, so further consolidation is expected with dip buyers waiting for a prime opportunity.
I hope this offers some directional clarity on this pair.
Enjoy!
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.