EURJPY has been down in the last 2 months , now it rally up to near monthly Pivot MM3 + roll reversal area for Bear to sell .

EURJPY Day ( 2 Mar , 2017 )

Bear is looking for MM3 to MM1 move a potential of 300 pips ( 120 to 117 )

EURJPY H4 ( 2 Mar 2017 )

EURJPY has reach weekly profit take zone + roll reversal about 120.50

EURJPY 15 M ( 2 Mar , 2017 )

Entry time frame 15 Bear is looking for lower low then Rally up and formed lower high to sell about 120 SL 121 TP 117

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About The Forex Analyst

Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.

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2 thoughts on “EURJPY trade Plan ( 2 Feb , 2017 )”

  1. Maryna says:
    March 2, 2017 at 11:24 am

    Hey Daniel, I’m also waiting to sell this pair again after it hit my TP target for the sell last week, but it broke a trendline bullish on the Daily. It may go down to 119.50 which can be a good place to buy for bulls, but also a good sell for bears if it closes below this level on a Daily chart. A close above 121.25 on the Daily will open up to Dec highs at 123.85. We should see clearer direction soon as it’s at a level where bulls and bears will have to decide who is in charge.

  2. Daniel Chan - Forex.Today says:
    March 2, 2017 at 11:53 pm

    Thanks Maryna 🙂

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