Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

EURJPY 60 Minute Chart Analysis

Thursday, October 6, 2016 1:01
% of readers think this story is Fact. Add your two cents.

Screen Shot 2016-10-06 at 14.34.42

Hello traders and good to be back with you as we are in the London Open and we can see price action looks like it is sluggish waiting for the NFP numbers on Friday. Yesterday we had good ISM numbers from the U.S. session and it took the dollar above the 96 level. OK today we are looking at the EURJPY amd my bias is bearish and that comes from the daily and 4 hour charts.We are currently at resistance and sideways and I am looking for some reversal candles and I would like to enter this short with the trend so I have placed a trend line on the chart and looking for a break of that and a retest and a bearish formation to enter the trade at the price level of 115.600. I would be looking for a take profit at the price level of 114.248 as marked on the chart.

Thank you traders and we will talk soon……William


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.