Mihai_Iacob

EurJpy- Up after support confirmation?

לונג
FX:EURJPY   יורו / יין יפני
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.



🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.