Select Page

Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

EURJPY: Halts Weakness, Looks To Build On Recovery

EURJPY: With EURJPY pausing its recent corrective weakness to turn higher during Wednesday trading session, it looks to build on that move in the days ahead. While the 134.99 level remains as support, our bias remains higher nearer term. In such a case, further move higher should follow towards the 136.50 level. Further out, resistance resides at the 137.00 level where a break if seen will push the cross higher towards the 138.00 level. Above this level open the door for more recovery towards the 138.50 level. Its daily RS s bullish and pointing higher supporting this view. Support on the hand is seen at the 135.00 level where a break will aim at the 134.50 level. A turn below here will target the 134.00 level with a breach turning focus to the 133.00 level. All in all, the cross now faces upside pressure having halted its weakness.



The Award-Winning Analysis Solution for Forex & Commoditidy Traders

Your trading, made easier

Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.

See Plans and Get Started