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 push EURJPY to test the immediate profit-targets at 163.642 and 163.548. A protective stop loss is strongly recommended at 164.297.
Price Action
Thursday, November 16 2023
03:14 pm (GMT +0200)
30 minutes Timeframe
Should the pair manage to exceed the resistance level at 164.297, it will eliminate the downtrend scenario, generating a buy signal.
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 push EURJPY to test the immediate profit-targets at 163.642 and 163.548. A protective stop loss is strongly recommended at 164.297.
Should the pair manage to exceed the resistance level at 164.297, it will eliminate the downtrend scenario, generating a buy signal.
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