Looking at the chart, we find that the pair
managed to break the falling trend based on the technical support area 127 and
shows the MACD forming a positive break as it shows its ability to recede
towards the area of orbit at 128 and keep trading above that area for four
hours, which makes us look confidently to the ability of the pair to overcome
the second resistance 128.5 Beyond this resistance we will have sufficient
technical justification to bet on the pair's ability to target the original
target area 130
You can enter into a buy now with a stop loss
of 126.50 and a profit at 130
Euro Yen further up and 130 levels are the closest
Reviewed by DR HISHAM M YOUNES
on
October 31, 2018
Rating:
Reviewed by DR HISHAM M YOUNES
on
October 31, 2018
Rating:
No comments:
Note: Only a member of this blog may post a comment.