Excellent Long-Term Hunting Opportunity in EURJPY, Don't miss it

Trading suggestion:
Price is in the resistance zone (134.40 to 136.65), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (134.40)
.Ending of entry zone (136.65)

Take Profits:
TP1= @133.25
TP2= @131.65
TP3= @129.65
TP4= @128.20
TP5= @126.80
TP6= @124.10
TP7= @122.30
TP8= @118.45
TP9= @114.85
TP10= @111.25
TP11= @Free

Technical analysis:
.A peak is formed in daily chart at 136.30 on Thu, 01/18/2018, so more losses to support(s) 134.40, 133.25, 131.65 and to more depths is expected.
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 50.
.Current short-term is range bound, but beginning of downtrend is expected.

Yorum: