EURJPY analysis

13.01.2021

Technical reviews

EURJPY

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition.

EURJPY rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop loss at the local minimum: 126.43.

Target levels: 127.20 (round secondary level); 128.80.

Author: GC
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