Euro / Japanese Yen
Long

EURJPY 4hour Analysis January 9th, 2021

292
EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: We are looking steady bullish here on EJ and it looks like it will continue this way for the week ahead.

Ideally we can spot a higher low above 131.350 with strong bullish setups to enter on. Look to target higher toward 132.750

Trade scenario 2: If we see a reversal from current resistance look for a lower high below 130.850 before entering short.

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.