EURJPY Technical Analysis

Hello Price Action Traders.

EUR/JPY

The EUR/JPY is trading around the 138.800 area after six bullish daily candles. What makes this area interesting is the confluence of three potential resistances: the 138.780 level, the bullish trendline and the 200 SMA. A pullback is likely to occur at this level so it could be an opportunity for a sell.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi, professional trader member of HereForexNaked.com

This entry was posted in Uncategorized and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published.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

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

>> Download my free e-Book!