Hello traders,
On a daily basis, EURJPY still struggles with the five-month-old descending trend line, at 130.85, the pair broke the descending trend in order to extend its recovery towards 131.40 and 132.00 resistances. If the pair recovered above the 132 means, the 132.75, the 133.10 and the 133.50 are likely to appear on the chart. Moreover, the 134.10 and the 135 are the targets for the price range After the133.50 surpass.
On the contrary, In case the pair fails and starts to drop towards the trend support means, the 130.0 is the checkbox to confirm the reversal. However, the 129.15 will be the next halt for the price range after the checkbox surpass. The 127.85 might confine the pair's further downmove.
Trader's have a look on the Numbers and plan your trades according to this.
On a daily basis, EURJPY still struggles with the five-month-old descending trend line, at 130.85, the pair broke the descending trend in order to extend its recovery towards 131.40 and 132.00 resistances. If the pair recovered above the 132 means, the 132.75, the 133.10 and the 133.50 are likely to appear on the chart. Moreover, the 134.10 and the 135 are the targets for the price range After the133.50 surpass.
On the contrary, In case the pair fails and starts to drop towards the trend support means, the 130.0 is the checkbox to confirm the reversal. However, the 129.15 will be the next halt for the price range after the checkbox surpass. The 127.85 might confine the pair's further downmove.
Trader's have a look on the Numbers and plan your trades according to this.
