EUR/JPY Bearish Pattern Starts To Emerge

avatar
· Views 137

#OPINIONLEADER# #Signal#

EUR/JPY Bearish Pattern Starts To Emerge

ByLCMS Traders FX Analysis Team

 JUN 7, 2021

EUR/JPY bulls struggled to stay above the 134.00 mark and the pair is currently trading at 133.06. The immediate support levels are at 133.00 and 132.72. The intraday resistance levels are at 133.27 and 133.48.

On the intraday chart, a couple of Doji formations are present at the top which led to a drop of nearly 70 pips on Friday. The pair is currently keeping below the SMA-14 which is at 133.32 while the SMA-50 is indicating support at 131.62. The current price is also near the mid-Bollinger band, the upper and lower bands are at 134.19 and 131.99 respectively. The RSI is at 54 and the MACD is below the zero line. Considering the intraday and 4-hourly price pattern the pair is ideal for selling at the following levels.

Direction: Sell

Entry: 133.25

Take Profit: 132.80

Stop-Loss: 133.52

An intraday closing below 133.00 is needed for the bears to further extend the downside, on the upside, bulls require a sustained price action above 133.60 to back into the game.

 

EUR/JPY Bearish Pattern Starts To Emerge

면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest