JPY crosses/Technical Analysis/Trade Ideas

EUR/JPY: Still operating in a wedge formation

I’ve posted the 2-hour chart in the members section. It’s been forming a wedge pattern over the last 10 days and these formations are usually consolidative ie more gains favoured in this case alongside the dominant bull trend.

The edges currently sit near 128.80/130.40 so I’d suggest playing these with a mild bullish bias and tight stops either side. The 128.80 level is also bolstered technically by recent hourly lows.

  1. Good day, Sean! In the currency pair EUR/JPY at me looks sale, with a stop above 131.17 and purpose of the 125.35, there see the option to buy, but there is a possibility of more глубого the failure of the pair, before goals 119.58. Good luck to you!

  2. My god! If that, Eurusd seems at least 1.2745, Usdjpy at least 93.8……Ok, I’ll follow the Excellent idea. Thank you all!

Leave a Reply

Your email address will not be published. Required fields are marked *