03:14 pm (GMT +0200)EURJPY is currently trading between the key levels at 163.829 and 164.297. A successful breach below the swing level at 163.829 will most likely push EURJPY to test the immediate support level at 163.642 and then lower at 163.548.
Price Action
Thursday, November 16 2023
03:14 pm (GMT +0200)
30 minutes Timeframe
If EURJPY fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
163.642
Target 2
163.548
Target 3
163.361
Target 4
163.127
Entry
163.829
Stop Loss
164.297
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:14 pm (GMT +0200)
30 minutes Timeframe
EURJPY is currently trading between the key levels at 163.829 and 164.297. A successful breach below the swing level at 163.829 will most likely push EURJPY to test the immediate support level at 163.642 and then lower at 163.548.
If EURJPY fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
163.642
Target 2
163.548
Target 3
163.361
Target 4
163.127
Entry
163.829
Stop Loss
164.297
Trend Confirmation
Momentum
LWMA
MACD