EURJPY pulls back to key level

EURJPY pulls back to key level

Key level of support: 127.30

Higher Time Frame Readings
The EUR/JPY has been in a heavy bullish run since it bottomed around  and now its retesting the previous broken level.

Short Term Entry
The EJ has pulled back from the highs to retest the previous key level which confluences with the previous 3 weeks’ highs.
This is a massive breakout/retest on the EJ right at the 50% of the last bullish leg.

On the divergence side we have detected bullish hidden divergence on the 2H and 4H giving the bullish side a higher probability on this trade.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Author : Orlando Gutierrez

Leave a Reply

Your email address will not be published. Required fields are marked *