Trade Idea
Type: Buy Limit
Entry: 167.63
Target: 169.50
Stop Loss: 166.87
Duration: Intraday
Expires: 25/06/2025 06:00
Technical Overview
With no major economic events in the next 24 hours, price action is expected to be technically driven.
Key Technical Levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Type: Buy Limit
Entry: 167.63
Target: 169.50
Stop Loss: 166.87
Duration: Intraday
Expires: 25/06/2025 06:00
Technical Overview
- The broader trend in EURJPY remains bullish, and there's no clear indication the uptrend is ending.
- While a short-term correction is possible, it is viewed as a healthy retracement within the trend.
- A Buy Limit at 168.00, just above support, provides an efficient entry with a tight stop and strong upside potential.
- A move above 169.00 would confirm renewed bullish momentum, aligning with the measured move target at 169.75.
With no major economic events in the next 24 hours, price action is expected to be technically driven.
Key Technical Levels
- Support: 168.50 / 168.00 / 167.50
- Resistance: 169.00 / 169.50 / 169.75
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.