Earlier this morning I've written 2 analyses, one on EurUsd and one on UsdJpy, both bullish and from those, you can conclude that although I expect a rise for EurUsd, a strong Eur and weaker Usd, I also expect a stronger Usd versus Jpy.
If I'm correct, this outcome will give us a double effect on EurJpy, meaning a strong up move.
Stricly technical, EurJpy is ranging since the start of 2023 with a very clear buy zone under 140, market by multiple reversals and long-tailed candles more recently.
At the time of writing the pair is trading exactly at a horizontal resistance level and a drop from here could represent a good buying opportunity with a great R: R if we target the 150 zone. Negation comes with a clear break under 140.
If I'm correct, this outcome will give us a double effect on EurJpy, meaning a strong up move.
Stricly technical, EurJpy is ranging since the start of 2023 with a very clear buy zone under 140, market by multiple reversals and long-tailed candles more recently.
At the time of writing the pair is trading exactly at a horizontal resistance level and a drop from here could represent a good buying opportunity with a great R: R if we target the 150 zone. Negation comes with a clear break under 140.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.