Home Forex Market Analysis Forex Signals EUR/JPY EMA Crossover Underpin Buying – Quick Update on Signal! 

EUR/JPY EMA Crossover Underpin Buying – Quick Update on Signal! 

142
0

The EUR/JPY is trading with a bullish bias at 126.285 level, holding mostly over the triple top resistance become support level of 126.169 level. Continuation of a selling trade can extend bullish bias until the 126.560 mark. The pair is also gaining support amid 10 & 20 periods EMA supporting bullish trend continuation in the market. The MACD and RSI are supporting an upward momentum in the EUR/JPY pair. On the hourly chart, we can see the pair has closed bullish engulfing, which may help support the EUR/JPY pair’s buying trend. Check out a trading plan below: 


Entry Price – Sell 126.274

Stop Loss – 125.874

Take Profit – 126.674

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = -$400/ +$400

Profit & Loss Per Micro Lot = -$40/ +$40

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users: https://apps.apple.com/es/app/fasignals/id1521281368

Andriod Users: https://play.google.com/store/apps/details?id=academy.forex.thesignal&hl=en_US

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here